BE hires someone (not a 3rd party service provider, but someone who works directly for your BE) to perform maintenance on the rental property.

Ask them and get permission, describing the small amount of work that will be done and tha erea will be sealed off during the work performed.2.

Here's was my Pre-Purchase Checklist when I first started:Upon Contract AcceptanceEnsure Access to Property: * Make Copy of Property Key(s) * Purchase New Lockbox * Place Key(s) in Lockbox and Install at Property (hidden)If Certified Funds are Required for EM: * Get Certified Funds for EM from Bank * Submit Certified Funds to AgentIf Financing the Purchase: * Send Contract to Loan Officer * Provide Loan Officer Property Info * Connect Loan Officer with RE Agent Info * Have Loan Officer Schedule Appraisal * Make sure Loan Officer Knows Anticipated Closing DateDue DiligenceInspections: * Turn On Utilities for Inspection (water, gas, electric) * Schedule Termite Inspection * Schedule Property Inspection * Attend Inspection and Take Notes for “Scope of Work” * Get Final Inspection Report and Review for “Scope of Work” * Get Termite Letter/Pest Inspection ReportContractor Prep: * Create Scope of Work * Create Materials List * Determine Which Contractors Are Needed: * GC * HVAC * Roofer * Electrician * Plumber * Pest/Termite Control * Painter * Landscaper * Carpenter * Schedule GC Walk-Through(s) * Get Contractor QuotesPurchase Decision: * Perform Final Financial Analysis Using Estimates/Quotes * Perform Both Flip and Rental Analysis * Make Go/No-Go Decision on PurchaseUpon Contingency FinalizationFinal Purchase Prep: * Get Closing Date from Lender/Agent * Arrange Landlord Insurance Policy * If Financing, Connect Insurance Agent with Loan Officer * Follow-Up on Appraisal with Lender * Choose a General Contractor * Choose Sub-Contractors (if no GC) * Determine Exit Strategy * Create Rehab Schedule (if no GC) * Create Final BudgetPrior to ClosingFinal Loan and Closing Prep: * Obtain and Review HUD-1 * Obtain and Review GFE (if financing) * Ensure Loan is Ready for Closing (if financing) * Get Certified Funds for Closing * Determine How to Hold Title * Get Partnership Agreement Documents Signed (if partnering)Upon ClosingDay of Closing: * Get Keys * Change Property Tax Records to Home Address * Get GC and Sub Contracts/Docs Signed * Arrange GC and Sub Start Dates

Just hope i've given myself enough cushion for them.Anyway details as follows:2bed/1bath 1100 sq ft (as of now)SFH.Im making bid for 50,000 w/22,000 in improvement costs.

I have been buying non performing loans for many years and our firm specializes in cleaning these situations up.

Originally posted by Archie Knuckles:Land development and/or self storage...Sure, this or any RE investment strategy could be recommended, the key factor here is the investor's knowledge and experience with a specific RE investment and the point all are trying to make is that no matter which startegy that is chosen, one must first understand what they are investing in and how to properly and profitably perform the task.

:roll: If you do it right and ethically to a qualified buyer who has a chance of performing (seek your own legal advice) you will sell it, have it refinanced and be rid of it!

., my RE agent who performs a lot of my upfront due diligence on potential acquisitions and also is teh agent who lists the properties for re-sale on the exit, my escrow company, my title company, my attorney, my project manager (in this case - he is my Brother), and my insurance agent.

Getting it done at current rates as a primary residence and looking forward to improving the property (overdue maintenance) and using the rest as down payment on a property or two!

I don't see it as making a living but stealing and committing fraud disguised as a legal operation.I believe as I am sure you do that they should be prosecuted to the fullest extent of the law and imprisoned for committing such acts.It's simple if you do not perform a service as promised you should not get paid.