The tenants daughter was paying her mother's rent, but hasn't paid for the past 4 months.

Quote from @Bryant Brislin: Land in the path of development that may seem a little far out, but your gut/intution and common sense from an urban planning perspective tells you that some day, whether it's in 10 years, 20 years, etc it will be a great long-term position for your family to have and hopefully sell at a signifcant multiple return compared to what you've paid for it.

However, this does not release her from the mortgage responsibility unless the loan is paid off or refinanced.3.

Relocation in the Portland area is paid out for a few reasons: 1.

Only after you have joined, will you find out that everyone has paid all different amounts.

Get pre approved first for conventional so you know if you can use that as an exit strategy but purchase with hard money.

Not only will you learn different neighborhoods, how to manage people, and costs of construction, but they can get paid extremely well if you get good and know how to work with the City.

Drove by and paid full asking price How did you finance this deal?

Since it was my first renovation I probably paid a little high. 

Once work is completed, it will be paid out of escrow (with the sellers money).