i've pushed closings back so i could close the first day or so of the next month, that way at the closing table i'd get a nice fat check for pro rated rents..way to think outside the box!!

Thats the day the media told you we had a "fat finger" trader (typed a b instead of an m?)

it should be noted, however, that recording a lien for the property buyer is good business, and may make them feel safe, since you don't own the property outright...it gives them negotiation leverage if you stop making your payment, it gives proof and evidence of their partial ownership if the place burns down and you get a fat check from the insurance company, and it also prevents you from selling from under them...like i said, with my attorney, it also prevents me from refinancing and pulling all the equity out...i'd check with a good banker and attorney to be sureand to answer your question, you should be happy to receive 70-80% of the note balance froma note buyer..i just sold one for 76% to be exact, but my payor had good credit (620ish), 10% down, etc, and 4 months of good payment history...

Heater ignited a curtain.Another case, guy took gas burner out of an old converted octupus furnace made for wood and coal.

If a hard-money lender will not do the deal, chances are you shouldn't do it, either, because there's not enough fat in the deal.Similarly, if you feel that using this kind of financing is too risky, then it's actually the deal that's risky.

-$564(my closing costs on sale)-$20(repairs, burner on stove didnt work, fixed myself and had to buy a couple parts, unclogged two garbage disposals at no cost, fixed non working gas fireplace at no cost)-$140(previous landlord paid culligan $40 per month for rented water softeners)+$5,250(GROSS rental income for 3.5 months, no vacancy)-$175(homeowner insurance for 3.5 months)-$546 (real estate taxes for 3.5 months)-$145,000(purchase price)=$33,020 pretax profit!

You'd need to examine each and every expense to see it there is fat to be squeezed out.

If fat-dumb-& happy with the income - you couldn't get them to ever sell to you.

Kept fat, dumb and happy!

Inspection should give a good indication of current condition including burners etc.