The last thing your husband wants to do after an exhausting week is go hound a tenant that is trashing a place or not paying rent on the weekend.There are many avenues in real estate that are more passive in nature.

The short term nature of the lease along with the nature of the target tenant screams lodger-proprietor relationship not landlord tenant relationship.

Mike, nothing against your savvy business knowledge but by the nature of the question it implied you're new to dealing in REOs, taht's my focus.New investors need to understand what agents/brokers do if they are going to use them in RE, this isn't like walking through car lots and even car salesman don't want to be used.Mike, bottom line, you'll get more attention, better representation and service from your own agent than trying to use a listing agent in any deal.

You should be able to avoid a double close depending on the nature of your deal and upon C-buyer purchase method (does it have to be cash - good, if your C buyer is financing, back to back may not work.

it is actually two steps first you color each board with its own stain color but then you may have to use the lightest of the stains to sort of feather out your work.be sure to wipe the stain lightly when feathering to bring out the natural gradation of colordepending on your floor you may have to sand some adjacent boards to keep the hues going out. from the repair so that it begins to look like an anomaly on your floor.

BUT, with the ever changing market, we may relook this strategy as well done homes are naturally selling fast right now.

A very big plus in dealing with institutional types is the recourse nature, they can buy one back, buying from an individual note holder, you may not collect. :)

Also, many wives love the aspect of taking something ugly and making it attractive (guys as well, but by and large this comes more naturally to women, whereas men are all about the numbers!)

Thanks Roy N...guess I really have to go back and look at it for some more information on the style and things of that nature. but it would need to be cleaned up/refinished...good to know :-)

Then I would send an introductory letter of new ownership notifying tenant of rent increase with the applicable date and how rents will be paid/received, late fees, maintenance request and things of that nature.