But you need to get back on the bike and keeping riding.

Unlikely their credit will be enough better in six months that they can buy unless they can buy right now.I think you're being taken for a ride.

Don't make threats, just state the facts of how it will go down.BTW, fed law allows a tenant to stay up to six month after foreclosure, but only if they abide by the lease, it's not a free ride, so toss him out!

For your first deal, there is no way to avoid the emotion roller coaster ride you will be on, and your agent and loan officer know it better than you, and will use this to close you--regardless if whether this is a good investment or not.

For a long time I just let them ride.

Like going on those rides at amusement parks that take you really high up and just drop you down.

Is it wiser to ride out the 30 years... or should I double-pay and be ready to make more profits in the 15years?

It's been a bumpy ride at times and I still have much to learn :) As with any field, you generally get what you pay for, and PM's come in all shapes and sizes.

He wanted to get ride of the manufacture home in order to build a shop.

To get the Duplex ready for tenants i would need:One Furncace ~1200Two AC compressors ~3000Carpet and Paint ~5000Some Pluming ~750Couple of windows ~600Total =~ $11500Can wait:Roof and Siding (no leaks but hail damage) ~$10000Update:I submitted my offer today...Lets see what they come back with.