What are the consequences if Tenants do not fill the form?

Paste this into a Google search and read the first couple of threads:site:www.biggerpockets.com delayed financing ruleYou can keep it in your names with adequate liability insurance protection ($2mm+ umbrella), deed it to your LLC after the fact (very common), or deed to a land trust with your LLC having a beneficial interest (less common and more expensive, but better Due-on-Sale protection reputedly, as transferring to a land trust is not considered a "sale", and the granting of a beneficial interest to the LLC is not a public disclosure).

This technique has a bad reputation because unscrupulous investors (aka con men) set the lease/option up for the tenant/buyer to fail with the intention of pocketing the option money and getting another sucker.

I feel in my gut that most of the time that speaker has earned that reputation!

Consider the utilities to run the machines.As to the company, the one here is an old company and gaining a bad reputation for service, even for allowing machines to fill up with coins and then out of service!

These are the consequences for a) illegally subletting and b) subletting without a contract.

Is there any other reputable tax-lien company with lower fees?

Check with your CPA and Attorney to avoid hidden pitfalls or tax consequences.

Originally posted by Adam Craig:I am just a skeptic sales and guarantees until told or proven otherwise.What you say makes sense and I am defiantly going to look into it.I am with you 100%...I would think they key is to make sure you find a reputable company/person to buy from (I know...easier said than done)!

You don't want to get a bad reputation in the (very small) real estate community by being the type of investor that gets into contract and uses the inspection clause to back out of a lot of deals.