I would rather be feared then loved and Ill take the risk of dealing with the magistrates and explaining a simple escrow account over losing money on a business transaction.Spoken like someone who has never stood in from of a housing court judge, stroked a large check to a lawyer, or taken a contracts class. 

Not an easy answer in short space.You are in essence trying to buy the property from the defaulting borrower and satisfy the bank.You must stroke a deal with the borrower, whatever thst is to get the property from them, while they still own it.

" style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 234px;">View report*This link comes directly from our calculators, based on information input by the member who posted.Team, This could be my first Brrrr deal and I don't want to get stock into the analysis paralysis, but I will like some opinions about this deal.

style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-family: "open sans", sans-serif; font-size: 1rem; font-style: normal; font-variant-caps: normal; font-weight: normal; font-stretch: inherit; line-height: 22px; vertical-align: baseline; position: relative; overflow: hidden; caret-color: rgb(52, 65, 77); color: rgb(52, 65, 77); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration: none; height: 296px;">Who knows about the laws and rules regarding the # of units within a condo that are allowed to be rentals vs. owner-occupied?

The tenant says "thanks you are a great landlord" hoping if they stroke your ego that you don't jack their rent again next year.

I became visually impaired and unable to care for myself due to a stroke and I had to learn how to use all my muscles again.

Different strokes for different folks.

Do you want to take a good part of your lifetime to biuld equity in expensive townhouses that can appreciate, or do you want a portfolio or monster cashflowing rentals with no appreciation but you can retire off the cash flow.Different strokes for different folkes. 

But when it's their idea, it's a stroke of brilliance and they love the idea. 

The times I've gone 'passive' and stroked large checks to pros I've had to clean up after them anyway.