Acquiring 88 units out of 200 units in a fractured condo deal, we knew going in, getting the terms we wanted we're going to be quite challenging. History on the property ... back in 2004 this property was ran as a 200...

If Joe and Jane bought the house and they are 200k underwater and Joe has had the same job for 14yrs and recieves constant raises and the only reason he is defaulting is because they no longer want to make payments on a house no longer worth that amount then that is strategic default.

In Ohio an individual needs to hold a real estate license to recieve a fee for locating "deals".

He already has rentals and doesn't care to deal with tenants so I figured this might appeal to him to recieve a monthly income from property without the need to work with tenants.

I've just calculated that they now take 64.57% of each commission check, nearly two-thirds of all monies recieved.

I was looking at my current Assessed Property Value that I recieved in the mail last week from the local Tax Assessor and I think the valuation may be incorrect by 15k-20k.

I have interest in units, I’ve shown the unit several times and recieved a 4 applications but none of them have met the income/credit requirements.

There might also be an option to offer a premium to the note buyer at the end of the term where subject property is then sold at premium or else continue to recieve the yield x. 

@David DeyThis is exactly why I love BP, your advice as well as the advice i recieved from @Alex Craig and @Curt Davis described by one word AWESOME!

I have a Hardwood floor in my dining room, and it recieves the same amount of abuse as the Kitchen floor, but is still in good shape after about 11 years since it was last refinished.