With all things good.. the property would bring in 6000 per month.. i am estimating 2000 operating cost not including mortgage payment. 

Essentially, the debtor business reorganizes and operates the business as a fiduciary for the benefit of creditors, and there is usually a committee of creditors which must vote to approve the plan. 

So either they don't understand how foreclosure law works, or they hope that you don't.The HOA, their management, and attorney's operate in an environment with little oversight, and have discovered a cash cow being wholesales and rehabbers.

You and the other owners decide how you want your neighborhood to operate.

This is a business and they are the back bone of how you should be operating your business.  

Using your expenses and market cap you'd reach a value as if operating at market occupancy. 

I'm waiting to get clarity on a few questions I have with the Operating Agreement. 

 Hey guys! So my husband and I recently purchased a Fannie Mae home in South Central LA (whoop whoop) that we are hoping to flip in the next 6 months. This is our FIRST flip and it's already starting off with some cra...

New to BP and wanted to get advice/ feedback about ethical property management behavior.  

I think our lawyer is just overly cautious - says that if the LLC want's to be shady they can shut down the operation and instruct for our deposit not to be released from escrow.In any case, appreciate all the advice - we agree with all your comments and that was our gut feel but always nice to hear some affirmation.