Rinse and repeat.Just food for thought for you Sir, again welcome to BP

If the note is sufficiently secured by deed of trust in 1st lien position on CA real estate, note holder should be pretty safe.You have not given us any clue as to what your position is: agent, property buyer, note buyer, etc.If you use my A.D.E.

The current mortgage holder my be willing to release the property depending on how much equity you have it is highly unlikely.  

I have my name as policy holder and LLC as an additional party. 

List price is $800K (which is pretty typical for a house + outbuildings on sizeable acreage here) but I am fairly sure the sellers would come down, maybe significantly, in order to get this property sold sooner rather than later.Thanks for any help or food for thought you can provide! 

In many states, the answer is that the borrower is entitled to the portion of the foreclosure sale price that exceeded the mortgage holder's lien amount.

But deducible is 5k.. so I had a roof in Dallas it cost me 5k to replace it was a 14k job... if I was a buy and holder and making 200 a month... that eats up 2 years cash flow.. so that's why I am of the mind in hail prone areas one needs to look at this carefully..

Once that happens you are going to have a tenant that wants in (Has a moving truck full, has scheduled appliance delivery, catered food is coming at 6:00 for all the people helping, moved out of her house so is now homeless) Of course she is going to want to be compensated for all of it. 

I had the sink replaced and the mold cleaned out professionally but no she is claiming it go her and her niece sick.Bugs.....she leaves food out every where i didn't expect anything less.Cabinet doors....at the beginning i did tell her my plans to update the kitchen over the summer but after my issues with her i no longer feel i should because the brand new kitchen will just be messed up by the time her lease is over come Feb 2017.  

Restaurants tend to work on certain margins so when we are evaluating a restaurant tenant for a center we are buying we look for 10% or lower rent to sales ratio.So if you pay 100,000 in rent we want to say at least 1,000,000 a year in sales or higher because once you add in food and labor if you go higher than that the operator tends to get into trouble and will either go out or ask for a rent reduction.