And the owner of the property prior to selling to the Japanese paid 1 mil to the Resolution trust to release the participation aspect of this mortgage then promptly sold it to the Japanese company ( Owner of SEga Systems) for 110 million and kept all the up side.

And I was putting in 70 to 90 hour weeks and promptly went to personal to give my two week notice.

This way there's no cash out of his pocket that he was counting on receiving.It's important to keep in mind that he has/will probably perform a service or go above the scope of work without charging for it, such as when an unforeseen issue arises during a repair or when he shows up and takes care of something promptly on very short notice.

I also understand that the Philadelphia property managers utilized handle all such tenant issues with respect, and issue proper rent credits if warranted, and perform all repairs promptly and professionally for any tenants whom we deeply care about.

Tenant will be responsible for: all stopped up sinks, showers, tubs, toilets, or drains; burned out light bulbs; all exterior landscaping and lawn maintenance including but not limited to: the care of shrubbery, landscaping, mowing, and providing for prompt garbage removal.

Hi @Chanel OldhamAcquiring Strategies 1) Buying on Sub2 is a good idea, know that the loan can be called due, but probably will not be called if the loan is paid promptly. 2) Lease Option and assign, and make an assignment fee, is a strategy that has merit.

I bought my first property and promptly had to put $10,000 into rehab.

If you plan to do this, make sure it is not a violation of your landlord-tenant law.I have a clause in my lease that requires the tenant to promptly report any repair issues.  

I was prompted to ask this question because a house near me which I know to have been a very nice house, sits abandoned, the owner apparently having just walked away.

Hi Matt,Thank you so much for this prompt and timely response!