Do some diving and Float around close to some island moving every couple days until the provisions and rum ran out.

The first idea of course is to get the seller to cut the price by about 50%, we know how much they owe on this stuff and so that was floated, and of course dismissed as also insane.Second idea, get seller to finance the whole thing, 100%, in two notes.

So instead of being a complete novice floating out there....you have the support of the team to both make sure you are not screwing up, but also to lean on that experience.

If you are lucky they just move out, if not you have to evict because they have no reserves and most will tell you sob story after sob story meaning you have to decide who to float and who to evict.

We also amortize on a 30 yr schedule and loans dont balloon they become floating rate so you could hypothetically stay in for 30 years.

I've floated that option to a few owners via my realtor but haven't received much response.

Any appliance connected to a two prong outlet would be floating and create a serious shock hazard since the only path to ground would be through the body of anybody touching that appliance.

I do know that the idea of develpment for all of the area in question has been floating around for years and years and there have even been some offical announcements made about it but still no sign or much movement on it.

I said no, and took it to my Credit Union......they took it without any hold at all.There is a common theory that these large banks use the floating money from holds to make a little vigorish, I wouldn't be surprised.....

Buying multiple properties at a lower price point would generate more cash flow, eliminate issues if there is vacancy in 1 property, example: if you were to buy 2 properties at $400k, that’s a sizeable mortgage to float if one goes vacant.As was stated before, might as well go after a multi-unit at that point and get more doors.