Does this always occur in note transactions??

Ron,It never occurred to me to do this.

., the "gap").You should still buy title insurance... it protects you going forward for things (often undisclosed) that occurred in the past.

I fill those units and they generally stay until the inevitable end of life event occurs.

It all comes back to running your REI like a business and realizing that those "unknown unknowns" can occur.

They used some delaying tactics but eventually the judge ruled against them and we were awarded possession.While waiting for the filed writ of possession to be mailed to us, the tenants have moved out and left the place nearly empty and the doors unlocked.Question: Do we need to proceed with a sheriff lockout (and wait the ~3 weeks for it to occur), or does their abandonment allow us to change the locks and begin rehab?

The first place is where cashflow rarely occurs because taxes are insane, home prices are insane, and rents dont correlate.

Prepare yourself for "what if" scenarios before they occur.

Just remember that once is an accident twice is a pattern.At this point there is really only two ways you can avoid paying the tax.1.

I contacted my insurer and apparently they will not cover the damage due to the facts : the damage occurred from a source not located on my insured property, the extent of damage exceeds the market value of the property, they do not cover flooding within city limits due to the high level of fraud.I have only contacted my insurer once and didn't really pry into getting satisfaction from them.I guess I'm more interested in going after the other property owner because he is a liar.Which brings me back to the ins and outs of an uninsured LLC and the legal protection he may or may not enjoy.Thanks