I got a stiff upper lip, and I shoot from the hip.

Section 8 won't pay if you have to evict her, so even if she keeps it you will mostly likely end up being another of her unpaid creditors when it's time to stiff you.

"Buying low, fixing & selling for a profit" is one of the goals most everyone here shares.You have some stiff competition.

Flipping in the area mostly sucks because of high homeowner equity, the VA loan's 100% financing, and stiff builder competition.

Fines and punishment is fairly stiff in most cases.I agree you have to bring Section 8 into the discussion.

While I do not want to make the terms complicated or onerous, I would like them to be stiff enough to encourage expedient repayment of the principal.Bill:You are correct, the amounts are too small to bother with the mental gymnastics of being creative.

Even so, 60 homes in this neighborhood at auction- you may have some stiff competition.

You would be the only one who could file an eviction at that pointI would also get a lease agreement for the son with stiff penalties for being a holdover tenantThe rent escrows help ease the potential issues and I would have no problem taking them on if the deal was good enough and I was knowledgeable with the eviction process  

I myself have seen stiff competition in my area.

I am just trying to maintain a stiff upper lip here and, to mix metaphors, to find whatever tattered silver lining that may exist.