A more accurate description might be "rent while waiting to own".Finding a buyer/renter and executing a purchase option with them while contemporaneously renting the property to them (using a standard lease at market prices) is a way to turn a marginal rental property into a decent return.It can also be an investing strategy.  

A Chapter 11 means the creditors had some input on the plan and execution, meaning her Mortgagee. 

Hi Jeff- This post looked lonely so I thought I would chime in with my two cents.Unless your rental property is an executive level home in a highly affluent neighborhood where tenants have the expectation of high-end finishes I would advise against wood blinds and even faux-blinds.

I'm just guessing that all the proper disclosures with the seller weren't executed either.  

A properly executed lease, regardless of whether or not it's recorded, does not get wiped out at trustee's sale in CA, as long as the lease was executed prior to the "notice of foreclosure".  

I'm not really sure how to execute an out-of-town buy (and more importantly, leasing and management of an out-of-town rental property), so would love to hear what your experience has been.  

I'm originally from New York City, NY.I attended New York Institute of Technology in Old Westbury, NY and  my major was Communication Arts and will be returning to School this fall in Connecticut.I am Executive Director of S.W.

Aside from the ocassional nosey neighbor, SFRs can be most vulnerable.

its customary but not mandatory in WA for the seller to pay for the owners policy  as the seller is the one saying they have clean title you should buy my property.Lenders policy is paid for by the borrower and required by any lender I have ever heard of.When we are swapping around cheap mid west or south properties that have no debt its not uncommon to not buy title insurance if your familiar with the property.title insurance like has been said can be very tough to execute on when a claim comes up typical insurance companies sometimes you really have to fight ... but if you need it and your covered its very cheap insurance. 

The DST solves those problems because there is centralized control by the DSTs trustee (the investment sponsor in most cases) and it is the trustee who signs on the loan and executes the deed upon sale.