I am in Real estates not the predictions buisness so I am preparing for different eventualities and will act accordingly to which one shakes out.

It will shake out marginal deals as well.  

HI Marylin,I had something similar happen turned these people were host and tend to have very poor write ups and I caught trying to shake me down!!

Residential is not immune to economic downturns and you can easily lose money in any asset class.If a case study was performed on the commercial property your partner got rid of there might be things found that could have been accounted for on the front end that made it a non-buy to begin with.I see lot's of stuff people buy everyday where I just shake my head is disbelief.  

Thanks for giving us a fair shake.

PLEASE let us knows how this shakes out.

I will have to see how this all begins to shake out when I proceed. 

Knowing you as I do (yes folks this man really is proficient and then some in wholesaling), I can say that once you've seen the paperwork and how that end of it shakes out, you'll have no troubles at all.

in our market here in Oregon its a cottage industry running around and trying to buy redemption rights.. and the folks that do it are doing it purely to shake down those who bid at sale and don't understand how the rights work.or the bigger players will only bid on deals they own the rights to ... there is a 6 month right of redemption.. and the sales are uber competitive.. so the chance that it goes for a number that another investor who may own the redemption rights to  would redeem is remote.. and even if they do they owe you 9% interest.. and any cost you may have fronted to keep the property from getting damaged.. however if you jump in and rehab it you would lose those dollars.the redemption buyers buy the rights by getting the property deeded to them.. usually for 100 to 500 bucks sometimes more if there is massive equity .... and they usually record the deep a day or two before the sale.. then go the sale and see if someone buys it.. then walk up to them waive their deed and try to negotiate to sell the rights.. usually 5 to 10k.. because with the rights you can start your project right away with out them you need to wait 6 months... so it become the cost of money and time equation.and as an aside generally there are 100 sales posted and only 5 to 10 actually go... but it sounds like this one might go if there are no heirs to throw it into BK or they are working on a loan mod of some sort.good luck with it.

there's not enough info in your post to determine if the car will derail your purchase or not. i would reach out to whoever pre-approved you for the purchase to begin with, and ask them to include a hypothetical debt for the car payment and see where your DTI shakes out. if its strictly investment property, and you nor your partner intend to live in the property at all, there are loan programs out there (DSCR) that do not look at DTI at all -- qualifying is strictly based on the cash-flow of the property vs it's carrying costs as opposed to DTI.