You don't transfer the Deed, you write a contract whereby they will get a Deed once they pay off the loan.

I agree with the others.

If we price it for what the comps show, then they are typically coming out of pocket every month. 

While I am always looking for off-market, as an agent with access to MLS, that's my primary source of looking for deals right now. 

This can be a great way to get leads on off market properties.

Before this marketing program took off the individual in question had carelessly left his fingerprints on a glass of water.  

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

@Kristin Vegas what ROI do you project to obtain on the MFR?

@Kerry Hermann We got our start in the western Chicago suburbs as well but are now totally focussed on The Shoals.

Or local to the property?