Take for example a sandwich LO where you as the investor are essentially a T/B to the owner, yet in the contract with the owner you transfer control of the property, and the right to sublease.

Legally the Trustee will become the party who controls the asset and usually moves to work with the Mortgagee to satisfy the lien through disposition.

Remember you don't have to own a property to control it.Working in the medical profession you are sitting on all the $ you will need.Good LuckPaul

That way it allows us to have better control of what is happing at the office operation.

One downside of condos is that you have less control, so you don't want to deal with bad associations for years to come.Also, if you end up making an offer, it's your right to review the full association bylaws, rules and regs, budget, etc.

Remember you don't have to own a property to control it.Good LuckPaulTwo Great reads, I bought both J.

That's how I kinda control the information overload.

Remember you don't have to own a property to control it.Good LuckPaul

I'm brainstorming on the expense side this evening, and I'd be interested in hearing turn-around stories from properties you have purchased, tips or tricks you apply to your individual properties, or any other broader concepts that have helped you control the expense side of your investments.I just purchased my first duplex in July and am currently renovating one of the units.

I'd imagine, unless this seller is related to you, doing something long distance having very little control over the deal, it's probably not worth the brain damage.