Supposedly the bank is working on taking care of this.

Both are supposedly ideal tenants.

-Time you must spend on a property vs cost of a PM-your experience and skill(dealing with legal issues, maintenance, tenant problems, determining good tenants etc etc)-cashflow-quality of the PM (goes without saying I suppose)-Network of resources to deal with issues (lawyers, handyman, plumbers, electricians etc etc)All things to consider.

The strategy would be to buy it (in essence giving the note holder some cash to walk away from the deal), and to proceed with the foreclosure process as a means to ultimately acquire the property.The maturity date was supposed to be 8/1/2016, but that really doesn't matter since the note is non-performing.You need to find out the following: (1) what position this note is in, as being a "junior" lien makes it a lot less valuable, and (2) what, if any, type of delay tactic (bankruptcy, etc.) the payor is using to delay the foreclosure process.

they are supposed to be much more efficient, taking some of their heating abilit from the surrounding air.

We had a super genius technology guy though so I suppose it really wasn't truly free.

I suppose this is similar with other banks.

In addition, are there any special stipulations you put in your agreement regarding when your tenant is supposed to pay, late payment punishments, and any other important clauses Thanks :roll:

When you approve an applicant and get the non-refunable holding deposit so that they can move in on the first of the next month, are you supposed to continue marketing and showingt the place to "backup" tenants in case the group that placed the deposit flakes out and doesn't move in?

They know that they're supposed to give you 30 days notice, and they feel that they have to register a quick protest to your notice.