Nice thing here is property maintenance/expenses is turned over to the tenant/owner and you're out of the landlord game, but still get monthly income.  

@Patricia Andriolo-Bull you seem to be too nice which is making this harder than it has to be.  

@Steven Johnson - Thank you for sharing your file - it's a great starting point - it's always nice to work off drafts rather than reinvent wheels.  

@Skyler DillmanWould be nice to connect Skyler....I’m in Saskatoon

It appears to me this was a well thought out move that will lead to the Morris's having a nice  life here in Portugal and all the investors left in his wake are for the most part very much out of luck or any hope of collecting on judgements. 

I just have never heard of this kind of experience and am wondering if others have run into any debacle like this. title company checks normally dont get held I know mine never do.. last year when first american got hacked I had closed a deal and had a nice size proceed wire due and it took 6 or 7 days for FATCO to get the wire out to me..

Yes just read the details nice!!

I would lease it to cover cost for 2/3 years and then I would sell once I could get $475,000+  Would be a nice ROI and is actually doable.Love this idea!

I think this looks nice and clean

Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid.