This serves as an indirect reminder to the tenant that you will be paying attention to what is returning.Prepare if they Go Over: If the tenant is still in possession of the apartment after the deadline, be ready to serve official "Notice to Quit" or "Pay or Quit" documents, as required by statute in the local community.

@Maya JonesI don't think an official letter from the vacating tenants is necessary.

I'm officially a new Mortgage Loan Originator (MLO) and I'm now laser-focused on finding the right brokerage to affiliate with.

They’re not in a financial position to keep the home and are worried about it going into foreclosure.I’m potentially interested in buying the property, but I want to approach the situation carefully and respectfully.What’s the proper process for buying a home in this kind of situation (no will, possible probate involved)?

Employees (depending on your business model), property managers, contractors, the city/govt officials, tenants, partners (in the case of joint ventures).

Among the C and D class properties, any cash flow you make will likely go away once the tenant moves out because of how badly they might damage the property.My advice would be that Toledo is lightyears better than Detroit in terms of the people (tenants, contractors, property managers, city officials, etc.), and even within the two cities, please seek the better neighborhoods so your property doesn't end up trashedWhat you have said about "scammy" contractors and property managers is true but I am sure you will find this in every major city not only in the USA but in the world. 

It cannot be any worse than what you guys have up in Cleveland regarding city officials and the people loyal to them Watching Cleveland Council Memebers conduct business is like watching two Dolphins try to impregnate a basketball.

If im thinking about this properly or if im missing something?

So- if your property is zoned commercial and is operating under the proper permits, this wouldn't apply, but if it's a residential property, this is why brokers "don't understand," the value- because the NOI is irrelvant and they know buyers and lenders won't bite.

Fed officials remain cautious, but the lack of fresh data and rising global risks are making a stronger case for preemptive action.