Paying off a senior lien can be added to your amount to foreclose upon, but I don't see doing so, unless required, as it being beneficial since you're bidding in the amount anyway.

Al,We do not share revenue per se, as our deal with the cleaning folks is in the form of credits {from 10 - 20% depending upon the volume of services rendered to our tenants}, which we use to cover some of our turnover cleaning costs.While not as successful as we had both envisioned for uptake on the weekly cleaning service, it has proven mutually beneficial for cleaning on move out.  

But now I want to hear your ideas about how I, "the inexperienced investor with nothing to bring to the table" can come to a mutually beneficial agreement.One time I rode my bike from Seattle to Boston, only taking a change of clothes and whatever fit in my backpack, sleeping outside without a sleeping bag for most of the trip.

I'm looking to pull money out of these properties and the bank I am dealing with will only provide loans for new purchases not cash out refinancing.I plan to sell the property from my LLC into my individual name (the bank will be none the wiser as they can't find the beneficial owner of the LLC).  

Although I was still investing in mutual fund and stocks, I missed out on some great real estate opportunities in those years.Lesson #2: Be flexible to changing market conditions: I became an instructor pilot in gliders while I was at the Academy.

Have you tried Liberty Mutual? 

Or does the firm that's handling the mortgage and all the business take all the legal risk, and I just act as a back end investor, just as if I were buying a stocks or mutual funds?

So every tenant wants new appliances, new cabinets, new flooring, etc but if your rents are already at market levels then this would not be beneficial to you.

All of my properties are through Ohio Mutual Insurance.

I try to think that all transactions are mutually beneficial.