(The HOA and property management company will likely have some guidelines on this.)

Their lease is going to expire in 6 days.So the most I will lose out are w months rent + legal cost +bogus maintenance bill.

In order to file, you will need to appoint a registered agent which can be any individual or business entity that agrees to accept legal paper's on the LLC's behalf if it is sued.

Probably that you are to young to legally sign a contract if you find a deal.

Have you asked them about conventional guidelines?

@Roger Heiser There is a really good guide to read that discusses HUD pricing:Buying a HUD Home: The Ultimate Investor’s Guide to Getting a Great Deal on a HUD HomeThe article states:HUD gives guidelines for the asset management companies to go by when accepting bids.

You have to do some real research on why the taxes on the lot are not being paid. 1) Could be simple mistake - then the lot owner will redeem to keep the lease payment income from the building owner coming in. 2) Building parcel owner and lot parcel owner are in a legal battle.

Look - the only way to do this cleanly and legally is just like any other; put it under contract and double close.

They're great as broad guidelines, but as you mentioned in your post, there are markets where the rule either doesn't apply or just isn't suited for that particular market.With any investment, you should be looking at the costs, income, and desired rate of return based on whatever your investment strategy and goals are.This is coming from someone who has never used the 2% rule and simply made the investment on a. what it was going to cost me to invest and b. what return would I get in both the short and long term.

Straw buyers are a legal practice as long as it is disclosed with a conventional loan.