.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!   

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

I"m not sure you could find a better group in terms of knowledge and support. 

As the state capital, it boasts a strong government and military presence, supported by the nearby Air Force Base.

The property jumped another 100k less than a year after the sell as well as rents went up to support what would have been the new monthly debt if I refinanced and held. 

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

Write it up to an education, spend some time sharpening your support team (particularly in the trades) and start thinking about how you can do it again!

Once again, I had to ask my family for financial support—a daunting task after the first loss.

As the state capital, it boasts a strong government and military presence, supported by the nearby Air Force Base.