@Chris Seveney, @Jeff S.

Quote from @Chris Seveney: @Silvia BaierOf course it would be a great hgtv show to have people who have never managed a MF building step in and take it over and manage it. 

@Chris Seveney, we own one investment property and have some money in retirement, but we just started saving so its not a large amount yet, so I wouldn't say we have a ton of assets at this point.

Thanks , @Chris Seveney, I am hoping to avoid those double digit interests, but good to know it could be an option if necessary.  

Quote from @Chris Seveney: @Andrew GrimmettTechnically you do not own the property because you did not record the deed - so my guess is you cannot write off any expenses on it since you don’t own it.You probably want to talk to an attorney about this - as also if something were to happen to your grandfather and there are other family members they could contest the quit claim deed - but this will have tax and legal consequences so you should seek those two specialists for this specific situation  I appreciate the advice.

Quote from @Chris Seveney: @Jay HinrichsWe should start a due on sale “insurance company” as one guru calls it where we provide 90 - 180 day financing to people who had the loans called - payoff the first, subordinate the wrap.Charge 13-15% + several points….

Chris nailed it!

Quote from @Chris Seveney: @Mike HernOk so they are unlicensed / uninsured escrow agents.

. - Chris Kersey 

Quote from @Chris Seveney: Quote from @Don Konipol: These are actual instances of people not understanding what entrepreneurship is about1.