And, Will do it the morning of check out so they get my note before they get the AirBnb notification to write us a review.Thanks all....

It matters not if a loan is current or not in a cash purchase.....the entire loan balance simply gets paid off at closing.

So, step two is to figure out if there is any value or not.  If

I am not if Ohio has something similar, but here in Wisconsin wihomes.com is a sort of public mls.

So, possibly for the OP if you are one of the only members of each of the LLCs you can legally manage them, but not if the property management company is a seperate LLC, I would talk to an attorney about having those smaller LLCs being owned by one larger LLC and see if that covers everything you are looking for, then as the larger LLC you can act as the property manager, but are the owner which keeps the legality.

For me however, it was not. If

There could be a lot of certs to pay off plus the filing fees which you will get back if you are outbid at the deed auction (and not if you end up with the lot).

Absolutely not. If

In addition to what Josh said above, for someone that has 75% equity in the property, I would imagine he could could sell it at well above what is owed, thereby protecting his credit and possible putting money in his pocket.Of course, if you're just asking if it's possible to pull lots of money out and then let it go into foreclosure, that could potentially be considered fraud (though I don't know if anyone would come after you or not).If that was your intent, you could probably do a cash-out refi more easily than a reverse mortgage to accomplish the same thing.

Also, I’m very sorry for my late reply as I didn’t receive any notification regarding your reply.Thanks a lot again!