Just joined great site. 1st question: I have seen several references that banks are not allowed to keep investment property/buildings unless they are used in the course of their principle business.

They also have a realtor coming to look at it etcOverall if I think about it right, 50k payoff, 10k in repairs, and say $4000 in carrying costs (6 months) and my total in would be 60k without arrears....the arrears have me confused as they are so high....so i'm guessing there are some pretty high penalties tacked on by the bank)So 60-70k(with the arrears, depending how much it would take down the principle when I pay those) and sell for around 105-120k seems to be ok to me.....I'm sure I'm missing something tho...Be easy on me, this is my first deal and I'm basically all on my own.....all the info I've found out on my own, trying to do what I can here.....thanks in advance!

How to eliminate 50% of your work in 48 hours using his principles...

What are your primary objectives?

Conflict of interest.If the process is not clean then a title company will object when it comes to a future sale or refinance.

So my objective should be to try to get her to make as large of a down payment as possible....Not sure of anything else about her (and her husband) but if she calls me again Ill know where to go.

Do the same for the objection responses.

On purchases over $300 you are not charged interest for 6 to 12 months and only have to do min payments which go direcly to the principle.

If it's the principle of the thing then sue him in small claims court.

My objective is to identify the bad actors and kick them out.