He has 6 kids and wants to leave 1 to each child, but he's too busy to run everything, along with his other business, so helping him out.. ;)

You could also file a quiet title action to clear up the ownership but if there are more than 1 child you could end up in a lawsuit and not get ownership at all.

Personal financial problems that can be solved by selling the house include past due child support, medical expenses, life itself.Physical problems of the house usually come in form of expensive repairs vandalism, or city/county code violations.

@Chip Chronister ...Most looking for owner financing won't qualify in 2 years for a mortgage(poor credit, back child support, etc.)..If they could qualify for a traditional mortgage many home choices available...But of course it's not impossible..marketing!

I have someone I really like that is close but his child-support pushes him under the 3x rule.

Unfortunately, in a depressed real estate market, it is virtually impossible to refinance in a timely manner and without putting up your first-born child as collateral!

. :)I am an only child, so that is not a problem.

@Tyler Child Good luck with your investment!

Their oldest child is a teenager.

I loved my corporate work, and still sometimes miss it...but the trade-off was worth it...Oh, and I've been working on the work/life balance thing for 5 years now (since we had our first child)...it's not easy -- especially if you enjoy working and/or don't have the luxury of setting your own hours just yet -- but your kids are pretty good at letting you know when you are and aren't getting your priorities straight and helping you keep them straight...  :-)