Be careful so that we're not doing "deal making in the forums" For us, we sold the manufactured home we remodeled in La Pine after one day on the market.

well  before you work with Jack you should treat him like a tenant..pull a credit report and run him through a criminal and general background check.if he balks you have your answer.it always amazes me that folks will jump into these large partnerships with a ton of risk and not even do the basic background on the partner.but rent some 12 dollar an hour person your rental and you would never do it without doing the above.now most folks will jump on here and say brilliant things like RUN  LOLbut lets be pragmatic here and just check the guy out first.. then when you have that info.. go from there.Also be careful on how you deal with the bank you don't want to put in a fraudulent application..

Be very careful on this one.Good luck.

Tenant quality will usually be better with less headaches for the investment.Even in warm belt states there are really bad areas with crummy tenants and PM companies so you have to be very careful.

I pose the scenario to prepare myself on what could happen when I use a management company to take care of my property.

See link above,  it may help to figure out future taxes.You have to be careful how far out you go with comps in Cleveland, make sure your comps are coming from a small radius, I would go out a half mile - a mile max.  

Not sure what you mean by too early.I’d still buy pre-foreclosure if a seller contacted me; we just don’t target market for those anymore.what I mean is 99.5% of people are still in major denial.. and so trying to spend a ton of time dealing with them at the substitute trustee stage will be fruitless.people in this situation in my humble experience only get serious the day before they lose it or 2 days before.we never even contacted them until 5 days before auction.. and the reason we KILLED it is we had little competition.. most need loans to buy we did not.. most rely on attorney or title company for the transfer we did not we did it ourself..

Best of luck and take care!

I think a cash out refi can be a good idea IF you carefully analyze the deal to make sure you can cover everything in the worst case scenario.

If the property looks well taken-care of and all is well, don't worry about the neighbor.