Owning a tax-sheltered asset in a tax-modified vehicle seems a little silly.I am a big fan of owning RE with "real money" rather than retirement funds.

If you qualify - this is really great vehicle. 

Another way to structure it is go ahead and do the Contract for Deed but put a Mortgage Clause in the contract stating you have the right to finance the property as long as the balance due does not exceed the amount owed by the purchaser.

I know how these things go.So think about it  fully rehabbed 40k home.. that home has to be bought for 5 to 10k  because if you want a home that is rehabbed it needs at least 15 to 25k of work done to it .. so it does not eat you up in cap ex.. so lets say the company wants to make 10k  ( pretty common for house flippers) so the most they can be in the home is 30k  so you are buying the lowest of the low at wholesale values the worse of the worse areas.. and on the face these do not equate into long term steady cash flow vehicles. they just don't  they only are sold to those to new or naive to understand this won't work long term....

I get no believable answers so I go ahead and call the buyer hoping to at least get a sense of whether the deal is legit.So here is what I learned that I need your input on.  

Very excited about what's ahead and the future for real estate in the Boston area the market and all that's happening in MA right now.

ERGO you are in foreclosure in the first place.GFC meltdown saw values drop 20 to over 60% in certain markets  .. your 70% LTV loan was underwater right out of the gate.So to answer your questions.In General... you have a foreclsoureyour value is 10% less than it was when you made the loan.. reason flipper butchered the job ... and again depending on state it could take 1 to 3 years to actually foreclose and of course your not getting any payments.. so your interest is wiped out. your cost of doing the foreclosure again state specific.. and I have never met a defaulted borrower that paid the property tax's  ( and again state specific how bad this will be).. you have selling costs usually 8% and you normally have to spend money getting the home marketable I have never met a defaulted borrower who left a home in perfect shape.So you add 10% market devaluation  8% for sales costs.. 3% for foreclosure costs.. 2% for back taxforce placed insurance and utls.. and depending on the condition of the home 5 to 10% for rehab .. you can see how this eats into your 30%  .. then take states Like were i live and properly filed mechanics liens are super liens they jump ahead of your mortgage.. this can be thousands up to 100 thousands if your flipper totally screwed the subs. 

I have not done any deals yet but plan on following through with that. im currently learning as much as I can about all aspects before i go ahead and pull the trigger. 

If you come out ahead without Buyer Concessions, on budget, etc., this puts more money in your pocket, when you close at selling.

Thank you guys ahead of time for your help!