A well crafted option to purchase as opposed to a rent to own contract would also allow you to lease the property for 1-1.5 years as you said and then 1031 exchange into a new property deferring the tax. 

That experience over time allows you to be a master of your craft.

Hey, I paid A LOT of money and TIME to craft the documents I use in my business.

. $151, or even $140) this won't be a good deal as the rent in this area will not cover all the operating expenses including P&I.In crafting my letter, am I asking for a title report from the remaining owner other than what they owe and if they are open to a short sale? 

Then use that information to craft your own plan for implementation.  

There is a new and vibrant craft district.

I understand mastering a craft can pay huge dividend in the long run, but everything is still lifetime learning.

There are close to 200 TDR programs that have been created across the country in the last 50 years and every single Sending and Receiving program is individually "crafted" by the the local government, which is probably why most of them have abjectly failed. 

The main weakness in our system currently can be boiled down to one peg in a CNN story about the disaster sponsored by Bank of America - lack of consumer knowledge.In order for any group of regulators all a part of the problem now offering solutions "market" to operate properly consumers need to understand the subtext of language crafted by corporate attorneys fantastic cc offers.

What is smart is observing the "10,000 hour rule" (term from Matcolm Gladwell book) that you have mastered your craft first before attempting to play in the big leagues.THEN (and only then) it makes sense to walk a few miles in the attorneys shies by sitting quietly in the back of courtrooms, observing hearings, the problems and conflicts and then becoming an active attendee at the legal luncheons and other functions.