The legal stuff:  NO Restraint of Trade:  I'm only conducting research here and no statement or information provided or received is in any way to be construed as any effort to convince others or in any way agree with others as to what any loan rate, term, fee, or condition will be. 

When conducting an acquisition of multifamily real estate you will be using leverage from a commercial lending institution.

I agree it's in everyone's interest to conduct business ethically, especially when dealing with sellers who are usually distressed emotionally as well as financially.While I can appreciate your position on the need to maintain control of complex transactions by using a C&D letter, I think it may raise an unintentional red flag... signalling the lender that the mortgagor is refusing contact... whether this is the case, or not.I encourage the homeowner to accept all calls from the lender, and repeat the same message: I can't afford the house, I need to sell, but owe more than its worth.

I am not from PA, but have been doing some research and have some questions...Please Help:1-In conducting comparables and so on, how accurate are zillow, truilla, epraisal, etc..in their estimates of the property value and so on?

Would you recommend I hire out and conduct my own well inspection, or is a "certification of proper welling" from the developer suitable to cover my behind in case of future problems?

@Juan AyalaI would first find out the purpose of the LLC and, assuming your lease restricts home-based business (if it does not, either your insurer or municipal zoning probably do), remind them of that fact.If they will not actually be conducting a business out of the premises, have them correct their address registration to be the designation for the apartment.  

I've never participated in a short sale auction, but I'm sure it's being conducted the same way as an REO auction, and it's a waste of time.

A salesperson may own the firm but the business must be conducted through the salesperson's sponsoring broker.Q: I signed a Property Management Agreement and do not understand some of the terms.

Find a legal way to conduct your business.

Unfortunately I hear these cases all the time and it really gives us dedicated property managers a bad name.I suggest handling the property management yourself and I agree with Christopher to use a Realtor to lease your rental and screen applicants -- you should approve the final applicant and conduct a phone interview with the applicant  prior to entering into a lease agreement.