I've come across a property problem I'm hoping to help solve. Here's the rundown:Grandmother owns house (free and clear), her daughter lives in house as well with four children.Grandmother passes away, leaving behind ...

You don t have to be a math genius to plug in the numbers.Great idea to open up a Solo401k.

We purchased it for the purpose of rezoning to commercial and expand our existing business model (workspace rental for people in the creative field).

Since those last two that got pushed to the end, they have been continuously late every month with creative excuses.  

If not, you would need to structure a creative deal by purchasing subject to the existing mortgage.And if taking over the mortgage is not worthwhile due to the condition of the property, your last option would be a short sale.Before structuring a creative deal, make sure you are guided by someone who has done it before.

By assigning an agreement to someone who then completes the purchase, you have in fact brought that consideration to the table at the time of the transaction.I'm wondering if there was some other intent of that language - such as to prevent a homeowner from being screwed out of their house via some "creative financing" scheme that benefits a 3rd party (e.g. investor) while not providing any (reasonable) compensation to the seller.

I can't make this property easy to get to, but I can steer the habitat restoration with creativity, patience, and sweat equity.

This genius lives in south Jersey and decides he could manage his Hoboken property from his home in south Jersey.

I can't make this property easy to get to, but I can steer the habitat restoration with creativity, patience, and sweat equity.

I completely agree with @Bart Hedgcock, my .02 from personal experience with Phil:  My wife and I took his weekend "vip" training last year, and it's a very well done introduction to several strategies and methods for creative REI.