When he does his DUE DILIGENCE he'll find out that his $200K note is maybe worth $140-$150K, at which point he is quickly going to realize that by just cutting his price to that range he opens himself up to a much larger market.People who have accumulated sufficient assets to own a $200K property, free and clear, have probably lived long enough that they check out things they are told.

I can find sufficient good deals, and occasionly a great deal here.all cash

Should I report them to the board of realtors if it does happen, or let sleeping dogs lie?

They can be safe transactions, they can work, but I have yet to meet anyone, I mean anyone, including attorneys who have boilerplate L/Os, that covered the bases sufficiently.

If they are just putting it on the MLS and nothing else, then 4% should be sufficient (3 for the buyer's agent and 1 for the listing agent).

That's why it is so critical that the management of the project must be very familiar with tax credit requirements and have sufficient experience to be selected to administrate programs.

You have to choose to either really love the business....breath it, eat it, drink, and sleep it.

I don't lose sleep over late and missed payments.

Well, some of my tenants decided that the air conditioners weren't sufficient - never mind that thousands of us were suffering in the relentless heat and humidity and others were actually dying.

We always sleep on the same spot in our beds.