I would defiantly recommend reading as much as you can, in order to absorb as much information as possible.

The lender will want your statement history and if they see that you went from sub $7k for some time and then got one fat abnormal deposit, they will ask about it and where it came from and deny the loan.

Pick the highest recent sale as the price.Create a FAT file folder of borroer doc, and house selling price doc.   

Take all the rest of the decisions off the table by bundling as much as you can in and making the application and showing process dead simple.That said, be careful about offering Internet.

Yes, the funds can, in theory, go to zero ( @Will Fraser not limitless downside, the lowest it can go is zero), but if that happens there are likely bigger issues.

You should also have financing ready if you can in the event you can’t assign the deal to a buyer.

Hi Russell.Just the other day I received a fat envelop from the city with all the assessment changes for our properties. 

So yeah, it’s like tenant benefits from years of low rent, and on top of that they get a fat buyout as a parting gift!

I'm definitely not looking to find myself in legal trouble or slapped with a big fat fine from the board, lolI have gone to a few investor meetings but not nearly enough I think.

That help can in the form of owner financing on the portfolio, or lease/option, seller second for 20% to get the HML/Portfolio lender to go, or other support that helps you make the deal.