Thank you @Paul Z. .

Originally posted by @Phil Z.: It's very common for banks to have Title delays with their REOs.

Val, I've seen some of this material and it is good, one of the planners has materials in our P&Z office.

. :) I like this idea as a solution.However, SAM's are in practice today Bill and are not illegal through TILA (Reg Z) proper disclosure is required and guided by state law but no prohibited that I have seen.

Right on @Priscilla Z. .

And clearly, your subs are stand-up guys who know their stuff and really helped you out by pointing out this obvious, blatant error in your planning phase.I, for one, would be happy to put my whole business on the line for you, signing away on a process that you don't want to pay me to manage, since you so clearly understand the whole thing A to Z.

Just looking at the MLS, it appears there are single family homes in Las Vegas starting at about 25k that would probably rent for at least 750/mo according to rent z-estimate. 

Z

Originally posted by @Sue Z.

I bought the house, held enough back in escrow to cover x-amount of months rent, plus y-amount for time and legal fees for eviction (should that possibility occur), plus z-amount for potential damages (once again, should it occur).