Well the $4,300 came from a different insurance company where I’d be a new policy holder.

If the tax certificate holder's heirs are outside of the statue of limitations, which I'm assuming they are because they never took possession of the property, that's a big load off of me.

By putting yourself in the position of a flipper or property holder...There is tons of free content available online covering wholesaling, fix and flip, and long-term rentals.

Nathan I noticed you keep asking the same question how does the release's work.. in your case its in writing in the mortgage.. but usually you can negotiate a bit. you need to call the note holder and have that conversation.. asking on the internet is just going to give you 20 different opinions..

A party claiming land by adverse possession must prove that he or his predecessors had exclusive, continuous possession of the disputed land for at least 21 years and that the possession was open, notorious and adverse to the legal title holder.

So if something ever happens and the loan goes delinquent the only recourse is the subject property, but if the delinquent property is in an LLC with let's say 4 other properties then those assets are exposed to the LLC debt holder - if that makes sense.But they will ask to see personal liquidity all the time so they can feel comfortable with the payments being able to be made for 9 months.

Or Another strategy I heard is you get another policy with the name of your LLC/trust as the primary policyholder, identifying the mortgage company as well, then adding the seller as an additional holder. 

I will look into the current note holder and see.

Quote from @Jay Holder: My goals are to continue to learn about REI and to purchase my first property in 2023. 

@Sheifta Anwar Highly unlikely….banks know they get the best price by getting on the market and most banks are just servicing for the actual loan holders…and they have policies to put it on the market.