Remember you don't have to own a property to control it.Good LuckPaul

Remember you don't have to own a property to control it.

Remember you don't have to own a property to control it.Good LuckPaul

The Quit Claim Deed would give us control to protect the integrity of the property, otherwise, the pipes are going to freeze and bust, two dogs living in the house unattended at night, power turned off, copper wiring stripped and so on.So, here are my questions:Who is liable for the Property taxes?

Before we took control of our own acquisition one of our earlier suppliers was Memphis Investment Houses and their property management company owned by Terry Brown.

Remember you don't have to own a property to control it.Looking forward to your posts about your experience.Good LuckPaul

One of the reason was, he would lose control of the note and would still be liable if the buyer screws up and loses money.

So here's the conundrum for a novice - being the type A personality I am and wanting to learn (and, honestly, control) as much as I can about this "deal" my first instinct is not to "bug" local investors about it because (a) I want to add value to what I can present, (b) I want to know as much as I can before I put this before someone, (c) I want to control this in some fashion before putting it before someone since i'd be doing a lot of up front with the seller and learning as much as I can about the property, (d) I don't want to waste an investor's time because I don't want that reputation to follow me as I evolve with this business.But it's like I can't get the outline or roadmap on how to start (with the land, for instance) without going to someone who's been there, done that and effectively negating points a to d.If YOU were pursuing this based on what I outlined, what would be the FIRST thing you'd do?

Remember you don't have to own a property to control it.Good LuckPaul

If your property is rent controlled/rent stabilized, then the renters are illegally taking government subsidies and making money off of the difference.