At what point would you rather have it empty than rent to a repeat guest at a cut rate?

Additionally, the lender was a small lender who represented that this was a cut-and-dry foreclosure, and if my understanding is correct, the lender's attorney remembered physically seeing the client signing the loan documents.

If there is one loan on it, that will be easier but if there is a first and second position loan then it may never get done because the 2nd will want something and the first will be like "good for you but I am not taking a cut" and it may never get approved.

Then, I would imagine the company that lets me operate as an agent will want a cut of the two sales as well.

Rich dad  Vertucci etc.. and those folks money is made selling their training.. they started in the trenchs many times but by the time they get going and get big time.. at the most if they get income from the sale of the assets its more like a royalty payment.. they are not acutally doing anything ..

As long as we all get a cut we should all be happy, I suppose.

Paying 5000$ for valuable knowledge isn't acutally that expensive.

@Leo Harper If you plan to live in one unit for a year you can go FHA, ask for prepaid from seller; arrange to close to the beginning of month when rents are collected so you would get a larger proration; make sure security deposit are transferred to you along with any contingency money owed to tenants; if you are licensed real estate agent on your own deal you get a cut of commission etc.

It was a cut/paste/photocopy job.

I'm sure you'd be able to find some locals in your area willing to help out woth the DP for a cut of the return.