.” - Warren Buffett, 9/8/2008Fannie and Freddie no longer do fixed-income arbitrage, as it served no credible purpose for the mortgage market.

As far as benefit to the seller goes, @Matthew Paul I think you are probably right on the money and regardless of whether they would have preferred to stay in this house rather than move, it is likely providing them some excellent cash flow; and I'd be hard-pressed to come up with a deal that serves both parties better than the current situation. 

I heard that having a LLC structure of having a Wyoming LLC registered in California as the single member of all my Indiana LLCs serves asa better strategy for asset protection.

.•30-Year Fixed Mortgage Rate: 7.10%•15-Year Fixed Mortgage Rate: 7.35%•Fed Funds Rate: 5.25% - 5.50%•10-Year Treasury Yield: 4.45%•Housing Inventory: 632,000 active listings (33% with price reductions)With home affordability still a concern, any shift in rate expectations could have a major impact on both buyer demand and investor financing conditions.What Analysts Expect from This Week’s DataCPI Inflation Report (Tuesday, February 13)The Consumer Price Index (CPI) measures changes in the cost of goods and services, serving as a key indicator of inflation.

If you are looking at it as a second home, also be happy with a breakeven scenario - afterall it will still serve as a future investment.There are calculators as @John Underwood said, on here and elsewhere. 

Love the part of your post about "worshiping God and serving men and women!"

Literally, first come first serve, assuming you are granted a judgement, of course.

They may be willing to share insights about their expenses, which can serve as a baseline for your estimates.- Build Relationships with Vendors: Getting quotes from local contractors or vendors for common maintenance or repair tasks can give you a clearer picture of recurring costs.

I served with plenty of guys that I wouldn't give you 5 cents for. 

Those skills will serve you well in BRRRRs and flips.