This is literally costing people thousands of dollars.

I'm self managing (i'm literally mowing lawns) at 1.3% and I am more than happy with it.

I am a little concerned about the care that tenants will take to not flush certain unwanted items down the toilets.All 12 units are 1/1 500sf.

I just came across a listing for one that's 1.5 hours outside of my Booming hometown, and about 30 mins from a fairly large town....but it's literally closest to a place classified as a ghost town. 

(Also never mentioned to us until now)Basically, they said that they will try to finish this Friday (9 days over what was agreed on the contract) and they literally will not do anything not listed on the contract. 

If the LLC is literally just the real estate I would lean more toward actual property appraisals.

Eg. 2 yr old carpet was literally black, wood rot and leaks down the wall because they didn't shut windows when it rained, pretty much the worst tenants you could have.  

Because I was able to:- Put this deal together and learn financing and deal structure- Build my own processes for managing room rentals- Manage cash flow- Build credit by paying a mortgage down- Understand how taxes work when you have more than just W-2 income- Learn sales skills by "selling" my rooms to new tenants- Learn advertising skills by putting ads up to attract tenants- Learn property management skills- I can literally list out over 100 things here... but I think you get the point.I wish to sum all this up very briefly...

I literally had an attorney from Butler and College refuse to do a loan documents package for me because ... it was an REO.

i have a house in a similar situation here in buffalo, ny. just a piece of advice that may help you, marc. quite a while ago, the banks were instructed by the feds to limit the number of houses they place back on the market after a foreclosure. this was to insure that the market is not flooded and thereby lower overall property values. some banks started just " writing off" these lesser houses. basically, filing either a release of lien or a release of mortgage, and literally just giving the house back to the original owner. i suspect this is what has happened with this house you are dealing with, marc. go to the county clerks office, check for a release of lien or mortgage from the first bank or maybe even the second. chances are, the 2nd bank got the house with the purchase of the 1st bank, and they really don't want it, so, they write it off. at that point, the original owner actually owns the place free and clear, and a quit claim deed is what you want. buying the tax lien is a second great idea. if no one is interested in the mortgage anyway, no one is going to redeem it in a year, and then the place is yours. good luck to you