It is approved as a building lot, and I have that paperwork, but it was grandfathered in under old laws/codes.And it's in a big multi-family area.

What is essentially happening when a borrower (mortgagor) gives a lender (mortgagee) a security interest, is a granting of superior (to the mortgagor) interest in the equity of the property.

I have had other companies have a hard time properly filing the insurance paperwork but not green tree.I don't envy many folks that work in financial services as many people seem to hate banks but by and large the folks that you and I work with are just trying to do their job and feed their family.

I agree some owners are hard to find, but because they think, they can shuffle the paperwork 10 times and get lost in the shuffle want work because they always leave a paper trail.Joe Gore

Essentially he can pay his rent with pre-tax dollarsAlternatively, since he says he's too old to "do anything" with the building, perhaps you can offer to put in sweat equity for a small % ownership of the building?

The more LLCs that you have the more paperwork and tax returns and costs to you.

You're essentially transferring responsibility for any damage under the old lease into the new one, too.

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This leads to my question: Do you have any recommendations for must-read magazines/publications/journals that are essential to your real estate investing career?

In Georgia once you get the judgment, then you have to file separate paperwork through magistrate court for the actual garnishment.