Also, I've been taking a look at a few of these deals and assuming that the loan is a first position lien + a personal guaranty, would you care more about the # of prior investments made by the borrower or the borrower's FICO score?

So that would put my newest at close to 100 y/o.Then again - they have been maintained and upgraded decently well enough prior to my ownership.Yes I've had to deal with some knob and tube, galvanized plumbing, etc... but not much. 

It's all about the numbers hence the reason I asked the questions prior.

Most lenders will seek payments on a monthly basis which comes due after having the money deployed during the prior month.  

But typically, you can NOT inspect the inside of properties prior to auction, so do you want to trust a quote from a contractor staying in through a window or? 

We attended their presetation at their office prior to making our investment and were very impressed.

Examine their management agreement, check to see if there is an out clause if you are dissatisfied, make sure it spells out the responsibilities of the owner and the property manager 7.

You could include a viewing prior to inspection contingency so that you don't have to pay for the inspection in order to see the property.

I would tell you to start building relationships with lenders prior to writing any offers.

So what happens is that they base your annual taxes on the prior year's taxes and then they adjust it as soon as the rate is available.