Sounds like there was well over $500 in that unit so in FL what you did would be illegal, check your local laws.

The software is very full featured and handles all tasks for the entire property management lifecycle.I think their pricing is a little high if your self-managing a small number of properties, but I think is more reasonable above 100 properties.Nate

No you dont have to absolutely use a realtor its more of a hold these realtors have on home owners they make them feel that way in New York..Home owners in New York dont take really take you serious if your not a licensed and in a suite..Realtors tend to spread the word that wholesaling is illegal..its truly a different game than most states..

You either need to (illegally) discharge the water into the sewer line, or take it way far from the house.

Also a master lease.Sub letting, where a tenant rents to another tenant is not illegal, if you have one or two deals I doubt much would be said, if you have 20 or 50 deals, and you end up in front of some judge arising from an eviction lets say, you'll be seen as being in the business of RE, that may put a different light on what you do.

what task should be completed on a daily basis?

I'd rather cross t's and dot i's on loan paperwork than on legal paperwork while preparing a defense.I definitely appreciate your advice and the healthy dose skepticism I see in most of your posts, however, what I'm looking for is the correct go-forward path, not the don't-do-it-it's-risky path.Just because 50 title companies say they won't perform a double-closing doesn't mean it can't be done and it certainly doesn't mean double closings are illegal - it just means you need to search for a title company that's smart enough to handle the deal.

But, yes, this is also good example of why the cost savings is worth taking the task in house.

The primary risk now, is the debt shown a valid and collectable debt, as if the note were originated illegally or not in compliance with law it may be invalid and uncollectable, so that is the furst issue for your due diligence. :)

She called back and said " never mind, you can't buy the lots because the seller won't sell to a builder, because he wants to control who moves in and lives in the area" I explained that was illegal, and she became irate.