Be careful with these transactions and get advise from a knowledgeable real estate attorney who works with these to make sure all steps are taken to property protect yourself. 

My brother and I have been pretty "cheap" with leads and I am thinking its time to take the next step and start spending money on marketing and leads than just perusing through criagslist adds.Thanks again!!

What steps would you recommend for someone like me who is just starting out but eager to build a solid foundation in these areas?

We are late in the game for this years sale, but I am also thinking the bank may step in and pay the lien on the residence, allowing time for discussions with the Owner. 

Thank you, Matthew, for your unwavering support at each step!

Primary you can go as high as 90% CLTV and investment 80% Max LTV but with most DSCR or lenders 75% MAX investment.Best way to map this out or to make sure your taking the right steps with the right property is to have a long conversation with a Seasoned Banker and your realtor. 

Kathy,  I think the first step is to use some of the great tools on BP to analyze how your current investment is Preforming versus what a new investment might look like.  

One thing we advise our clients to start proactively looking for solid potential replacement early, and that would have the least amount of complications when trying to close.

You are side stepping the question and making emotional attacks.

They were struggling to find a new place to live and needed financial help to secure their next steps and provide Christmas presents for their children.