I'm just getting tripped up on the mechanics of how this works.Also, I agree this financing makes the deal less attractive which makes me think you could offer much lower than market rate.

Does not a short sale wipe out _all_ liens, including back city, state, and fed taxes, mechanics, (hospital) and even mortgage judgments and liens?

So you renovate...STARTING with the mechanical systems...plumbing, electrical, HVAC.

With the high tax rate of 48% in the past years (this has changed a little bit recently), this would mean that you could easily cut 50 % of your taxes if you used this mechanism.

I was raised to never pay someone for a job that you can do, which has lead me to always doing my own work, whether it be mechanical or home repairs.

I would use the back of your business card as a marketing mechanism.

Are there any unpaid contractor bills that could attach later as mechanics liens?

The lawyer must mean a mechanics lien.

From building a 2 story garage addon to our house (which i have done with only 1 other person.. from the framing to the roofing to the siding to interior), electrical, to computer programming, mechanics (building a 550hp street/strip car right now from the ground up knowing the in-and-outs of every aspect. give me a broken car and i will diagnose and fix it on my own), to multiple investing avenues.

Just some background on myself, I'm currently a welder but have experience in other fields such as auto mechanics, computer hardware and software, Paint and body.