The board can collect amount due from tenant without question.

You'll still own the house, both of the option agreements will expire un-executed and I'll get nothing more than what I've already collected."

Previous years revenue is not that appealing, thus I have negotiated the below for the new contract. 1) New Energy efficient machine will be installed. 2) Coin Match will collect the cost of 1 cycle per machine per day and the remaining will be paid to the owner.

With the $532 P&I payment and you living in one unit, this actually looks like: $690 (collected rent) - $690 (vacancy, capital, expenses) - $532 (P&I) = monthly loss of $532.At the very least you will be paying taxes and insurance each month.

In other words immediately after we get a signed contract from the seller, we assign to our end buyer and collect the downpayment with the understanding that we have no liability towards it and that the seller's attorney (we use attorneys up here) will be holding it in escrow.

Now actually collecting from them is another story....You need to get in there ASAP because if you have to go through your insurance company you don't want the scene disrupted prior documenting everything for your insurance.

Collecting on an unsecured debt is not easy and losses can incur, as such, most debt related to real property is secured by the appropriate security instrument (mortgage/dot) and that debt is evidenced by the Promissory Note which serves as a sort of I.O.U. for what was borrowed and how it get's paid back.3.

That investor could "Flip" it and make a profit, or if they choose, they could become a "Landlord" by having tenants and collecting monthly income.BP is great to bring these people together!

I take them through a scripted conversation in order to collect the data necessary to determine their level of motivation.

You, as a third party (not seller or buyer) wouldn't generally collect 'acquisition fees'.