It's something the wife and I are considering, mainly because our house flooded during covid and after the Austin ice storm. 

I mainly do Idaho. 

.• That the grantor/mortgagor was insolvent at the time of the execution of the deed.An estoppel affidavit (executed and acknowledged by the grantor/mortgagor, attesting to the fairness of the transaction, the consideration exchanged, the value of the property, and other factors showing an intention to make a genuine transfer) or a recital (inserted directly in the deed) are supporting documents used to forestall challenges to these transactions.State law and local title standards must be consulted in regard to the consideration and treatment of deeds in lieu of foreclosure.What a GREAT post!   

The main problem with negative cashflow properties is this. 

There are many articles and podcasts from BP that they talk about that.The main thing is fill you up with as many information as possible.

We lived in a little apartment above the garage and rented out the main portion of the house. 

The phone number for the 'agent' emailing me is the same as the one for the main business.

In my area finished basement sq. footage is valued around 25-40% of the main sq. footage.

The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software.

. - In the event that you do get a deal, that you do not violate the intent or letter of an increasing number of anti-wholesaling laws, and that you actually receive an assignment fee, you will walk away thinking that your role is over.