It will be a clean BRRRR and will be able to own the property free and clear after the cash out refinance.

New agents can often compensate for lack of experience with enthusiasm, professionalism, hard work, or even their good looks.

In my experience, you can absolutely use hard money in bank owned reo auctions...you still don't generally get access and thus need a lender who does need an appraisal in this scenario. 

The agent works "for free" until the house sells, so taking them out of the deal is theft, and immoral."

Also, making some sacrifices can more than make up for lack of capital or experience when getting started.

What is your experience? 

A renter for a stand alone rowhome is usually a different profile from a large apartment complex renter in my experience.

I say this from experience. 

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

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