I do all the work behind the scenes for arranging repairs/repairs and other issues but not having to answer phone calls is a starting point to building out good business processes.

Fortunately the interest paid before default made up most, but not all, of the loss.Any sort of pre arranged deed in lieu may not hold up in court.

Anything resembling a "but this time it's different" - argument after 5000+ years of history - is going to be hard to believe for some.

If you want truly passive investment you could invest with a syndicate that purchases the property and then pays you monthly or quarterly, while they do all the work to get the property, arrange the financing, management etc..

Caught me off guard and I made arrangements for my former neighbor to get the keys.

Maybe this works out for the seller for the now and certainly for the buyer until new financing or some other arrangement can be reached to close out the loan.  

PM to talk further - I'd be happy to refer you or discuss or other possible arrangements.

An all cash offer will generally win the day compared to someone who needs to arrange financing.  

All that said,  be sure to arrange your leases so they end in May or June and start advertising on Zillow in January or February,  when next Fall's students are lining up their housing.

You’ll never generate that kind of return so easily anywhere else.The interesting part is that we’ve been brainwashed to believe it’s our patriotic duty to legally pay more in tax.This makes absolutely no sense.Judge Learned Hand, United States Court of Appeals for the Second Court, 1951 said…“Anyone may so arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury.