Often that is with the new loan being a first (structured like I described), but not always.

Describe the entire scenario as you see it. 

Hi Daniel,First, it is concerning that you are using a CPA that does not respond to you in a timely manner.It would be a taxable event because what you described is essentially a sale of your mother's ownership interests. 

to work directly with a few of the billionaires you describe and they use debt and cash and assets in a much, much more nuanced way than you have ever described, in their real estate investments and other investments as well.One last thing:  your posts are read by many here eager to learn.

The cycle that best describes this cycle is still GROWTH.

Typically landlords would describe emergency repair requests along the line of involving "fire, flood or blood" (if this helps).One would assume that a tenant with a lousy credit score, two pitbulls and a yearly income that places her on poverty status would be grateful any landlord would rent to her. 

@Terrell Garren  Auction.com come does two kinds of auctions.they are now cryers for sherrifs sales as well as they have their on line OREO auction activites.your describing sherrifs sales..

Do you get many deals like you described?

I think this describes what I'm thinking in my head.

To get a visual, is a basement dirt floor, no entry, but private; 1st floor kitchen & living room, however they just threw a stove & frig, in a room, so, I would have to put in an actual kitchen; 3rd floor 2 bedrooms & full bath (its nasty and needs a full gut), 4th Floor is an attic that is like a full floor so it's a nice perk to store stuff; but the condition is beyond what I can describe...it's like you owned a building for 50 years and you did no renovation EVER and that's the condition.