As the saying goes, the time to buy is when there is blood in the streets.The 15yr mortgage is incredibly safe after the 15yrs have passed, but also very dangerous during those 15 years. 

How are we gonna squeeze blood out of them turnips??

I am involved with a number of different volunteer organizations including Meals on Wheels, Carter Blood Care, Chamber of Commerce, Historical Society, Main Street Program, and the local SPCA.To answer your next question, no, I'm not married and I don't have children.

And or if it was a land deal the elderly couple would need to bring a blood relative of sound mind or an attorney to the closing so our Escrow closer could verify this seller knew what they were doing.I had one small parcel that I built 25 homes on in the mid 90's the Hertles were in there 80's and I explained very clearly that we were going to pay cash for the property and how escrow worked..

He passed away from high cholesterol, high blood pressure which lead to a heart attack.

There goes 18 years of cashflow and my blood pressure LOLA lot of my best IRR investments have been break-even to slightly neg on the sfr cf front.

Originally posted by @Patrick Blood:@Ihe OThat’s absolutely false.

But, in my personal opinion, it will take a lot more time, effort, energy, blood, sweat and tears to try and hold this person to the lease, take them to court, and also to have a disgruntled tenant living in your property. 

Think of it as cholesterol in your veins.  

Smells of weakness and blood in the water..... and now you have sharks.Thus is why you have been paying all the $$ for insurance... .they have lawyers... they know what they are doing...... stop communicating with the tenant or his lawyer.... if they contact you, you refer them to the insurance company...