On a side note, do you know if an investor has to pay quarterly taxes on income for properties in their personal name or would that only be relevant for investors that currently have their investments setup in LLCs, SCorps, etc?

Yes, I've signed an agreement with the pm and relevant clauses include:(10) negotiate and execute leases on Owner’s behalf for the Property at market rates and on competitively reasonable terms for initial terms of not less than months and not more than months and in accordance with any instructions in Paragraph 20;(11) negotiate and execute any amendments, extensions, or renewals to any leases for the Property on Owner’s behalf;(12) terminate leases for the Property, negotiate lease terminations, and serve notices of termination;There is certainly nothing protecting me from mistakes made by the pm.

utm_source=search&utm_medium=internal&utm_campaign=wholesaleguide  However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational, thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

utm_source=search&utm_medium=internal&utm_campaign=booksSimply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Love these recos and they're still relevant today!

If you find yourself in the latter situation, then you can decide if it's something that would make it difficult to sell.Right of redemption varies state to state and is relevant to foreclosure auction sales (ie. court has not confirmed title transfer and sale), not REO where the lender is in titled possession. 

This is for Oregon in case that is relevant.