I have made enquiries with a property management company in Tampa and they have sent me details of their charges and a copy of the agreement.I am only a small investor with 1 property currently and I have a few issues with the rental agreement (I've not committed to this or signed anything) as it seems that the agent (PM) is not responsible for non payment by the tenant, even though they charge for screening the tenant prior to contracting with them.

Generally no set penaltyIf this is an REO, your contract states the bank owes no penalty, either wait or walk, there could be title issues, or just behind.

Kevin,I had the same issue; Washington DC is nearly as expensive as LA.

I think the biggest issue is managing expectation and nail down the value of the property now rather than heartache later.

Hey guys,We have the opportunity to pick up a vacant apartment building with 10 units but after talking with many different lenders it seems that nobody is willing to finance a commercial loan on a building that is no...

The owner has family issues by dealing with it, you don't.  

I currently have someone else working on a binder to see if  they'll cover it, but just wanted to see what others have dealt with in this topic.. the small research that I've done on cloth wiring has shown that it doesn't seem to be any real hazard or even necessary to replace unless if there are apparent issues with the wiring.

Issue a late statement and fine and continue to follow-up. 

If the lien holder is paid off in full then there is generally not any issues there!

If I just issue a credit memo how do I DR the balance in the tenant security deposit?