Both M(3) and B(0) still have a right of redemption subject to the time defined by law they can exercise said right.Sometimes, M(2) can call for M(1) to be a necessary joined party so the balance due is officially calculated by court or trustee.

Are you saying that even the option consideration, which applies to the purchase price if the option is exercised, should be totally avoided?

The flips are addictive though so I will have to exercise the restraint needed to hold and rent a few.For the locals I am on the Clearlake side of Houston.Thanks

Most likely the daughter is not giving you the whole story, and finding and approaching the brothers would be an exercise in futility.

No one has ever exercised that right so far.

Each day seemed to reveal new lows and ever-uglier legal problems as new government agencies weighed in and exercised their authority.

For fun/exercise I might fix up a single run-down property at a time myself to either hold or flip.

I understand that it may be subject to each individual investor, however, is there a "standard" that you have seen exercised?

This will be only my second rental property, so I am not sure if I am "doing it right" but it seems to make sense to me.The input here so far has been great, I am not sure we will do this deal, but it is a good exercise and the closest deal I have found in the money so far...

(Like with exercise.