If I am to partner with someone I will already know going into the partnership what value they bring to the table.

The note can be made more marketable by using an RMLO service who can document the file- the seller acts as the underwriter in approving the financing, but they will verify rent and perhaps in this case put together some non-traditional credit sources and income documentation in trying to establish ATP (Ability to Pay)   The seller could potentially sell the note at the closing table (likely around 70% of the Note Value.) 

@Julie Hill In addition to what others have said, let me throw this option on the table for you to consider.

Not say it’s not a good investment but you have to find a way to put food on the table while you wait and you have to get that big initial capital.

,Yes, we are going to leave both options on the table.

@Lewis Christman hey man, forgot to add you to the list, we are doing a round table discussion prior to the grand opening, been doing it for a few months and we try todo it at least once a month!

If so, you might not be able to change the price, or rather the heirs won't be able to agree at the closing table that they'll accept less to offset the problem w/o court approval.If you are still in atty review, as part of their first letter your atty should have sent over that the seller agrees that all tenants are current on their rent.

@Alex Deacon I did forget to mention that my work schedule is extremely flexible and i have given myself a 6 week time table to complete the work.

Marketing, showings, preparing the property for rent, dealing with HOA’s, processing the application, etc.... in addition, the Agent has to pay a referral fee out of that lease fee if another realtor brings the tenant to the table.

I want to create a team where we all bring something to the table and we all eat!