The remedy for defaulting the terms of the security agreement are usually foreclosure.Now, if AFTER the foreclosure, the previous owner vandalizes or otherwise damages the property, there are consequences to the previous owner as they are no longer the titled owners of the property.

In the last year, only 4 2-4 unit properties traded in Frederick.I do in general like the rental market in Frederick though.  

I am a trade man for my day job and have 8 properties crrently which I self managae.

That's the beauty of courses; they've done the work for you...but there's a trade off.

A specialist can, like the trade items...

Your married friend and his spouse evidently got promotions and/or raises that increased their total taxable income, and consequently, their tax bill went up.  

Indeed, I am just facilitating the tenant's early departure while trying to mitigate their liability as a consequence of the default.

Hi @Tom JohnsonYou definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.

I'm hoping to connect with other investors in the Louisville area to buy/sell/trade some real estate and learn/grow together.

My military time has come to an end and I am looking for a mentor who knows the trade of real estate.