If this is true, the good news is that the property is worth more than the loan balance. 

The property company they use was also very thorough in the way they handled the property.

Also, while it won't cashflow right away, rental rates will continue to rise and in 3-4 years it will very likely be a cash-flowing property (it's in a prime location with tons of upside and development going on around it). 

They can take time with their search and be more selective about a property’s location and condition.

I’m considering taking this down myself if I can’t sell it, but wanted to see what the community here thinks.The property is a five bedroom two and a half bath victorian era home in Greeley, CO.

I immediately recognized that the listing agent/property manager had the current rent well below market & the asking price massively wrong.

I did look to see that in Jersey City people must apply online rather than in person, and there is a page with “What I can do with my residential property?”  

Hi Arthur, every property is unique.

The property had foundation work done just prior to the sale but continued having problems, even after I hired a second contractor to correct.

I have a property I'm considering seller financing with a wrap mortgage to a buyer, I'm currently refinancing the home and have the option to not escrow the taxes and insurance, which lowers the payment about 700/ month on the 1st position mortgage, BUT would escrow the T&I on the wrap mortgage. has anyone structured it that way what would be the pros and cons to structuring it this way?