Day to day management for the landlord would all be "internal" items like collecting rent, taking tenant calls, dispatching repair services and screening new tenants.  

Also international investors as well.

Thus, S-corp becomes more valuable once you start making more money.Any advice contained in this post is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter that is contained in this document.

I do it the old fashion way for now, Excel.

Finally, there are good old fashioned REOs and short sales ... if you are able to prove yourself in that space and establish some trusted connections with asset managers at the bank.In summary, find a niche that naturally creates a steady flow of distressed property at a discount and become an expert at that ... investors want deals, learn how to get paid to help them find them.

The write-off is an internal accounting procedure on Joe's books and does not do anything to dissolve the debt.  

Some exceptions exist for estate planning.If you have some other type of loan it will depend on the lending institution and their internal guidelines.The insurance carrier is usually the one that alerts the bank, but the bank might also learn about it through their usual tax records analysis.There are members here on BP that have had the due on sale clause invoked by their banks, so it is a risk.

Hello Earl, I am interested in networking because two colleagues and I are young and just looking for mentors or advice and we are also interested in possibly an intern or assistant position.

If the client/ buyer loves a home and it is a good fit and they are more than willing to put down real money and they missed out on the home because Mr/ Mrs/Ms realtor steered the contract/ offer in a non committed fashion and the seller did not accept due to the realtors action, how is that looking out for the client?

We have an internal directory in which I can look up agents across the world and refer a client to them.