NO balloon and no adjustment.

I wish to set up a 1 year  non amortizing note with a simple interest balloon payment at the end of the term.

In my experience,most of these sellers won't do business with you without a pre-approval letter.

If not and she does not leave by the deadline the letter states the next step is filing for the actual eviction through the court system.  

The training has been good and in the last 6 months I have sent hundreds of letters and made cold calls to try and find leads.

Currently in the process of getting a financing pre-qualification letter.

Specifically what we are seeking now are semi-long term lenders (ie 5 year note with balloon payment secured by 1st trust deed).However, we are going to need more private money lenders for out short term(1 year or less) fix and flips in the next month or two as well.

You look at every adjoining property on the county assessor's website and you write a letter to every single person that owns a property adjoining yours.

I would not do anything unless you are pushed by the police (I've had received letters, when they did undercover drug buys from 2 different tenants, telling me that I need to evict or they'll seize the property).She's innocent until proven guilty and I think you'd leave yourself open to some legal action, if you tried to evict for something like this - and I don't know if the judge would go for this anyway.

I understand I should send a letter notifying the current tenants of the property transfer, but is the assignment of rent revenue handled mostly in the purchase contract between the seller and buyer?