If you haven't yet got a new tenant, include a statement that they remain responsible for the rent until its filled.

LOLI will say this statement is incorrect "knowledge is power".ACCURATE and APPLIED knowledge is power.Many times people learn the accurate knowledge but never apply or do anything with it.

If so, then look here:http://www.biggerpockets.com/bank-reo.htmlIt might take some time for the property to show up on those lists; given your statements, you'll probably want to check back to their website frequently.Lastly, even if it became REO, there is no guarantee that you will be able to buy it unless you are willing to grossly overpay.

I'm not a lawyer, but I believe all you would have to do in California is file a new Statement of Information (LLC-12) for $20 showing only you as a member.

I do a funds transfer between the accts and ask the banker to print a balance statement.

Do you have a template of how my monthly statements will look?

The assumption of "profit" here rests on the fact that one can stipulate that there is an impossibility of downward trends - many "micro" variables determine trends and etc; definitely not a broad statement.

In reality this isn't even a logical statement by the bank.

Your statement that the HOA fees may go up as houses are added makes me think the capacity of this sewer plant has to be expanded as houses are added.Wouldn't that additional cost be paid by "tap fees"?

Perhaps you can provide some data to support your statement?