They clear the lien and you keep them from being named a co defendant in costly litigation and possibly losing the revenue from whatever loan you "partner" has taken out.

I have a prospective tenant looking to rent a space, however, he will need a co-signer for his potential lease.

Hi BP Community,My wife and i currently own a co op (which we use to live in) but currently vacant. 

However if you are consistent, like you allow 25 year olds with a co-signer & double deposit then that could potentially work (depending on the laws of your state).  

If I were starting out, I'd focus on a co-hosting business before pursuing arbitrage.

If you're worried about carbon monoxide, put a CO detector.

Sell car and buy motorcycle, sell motorcycle and buy bike or ride bus (saving insurance, and tabs as well as cash in hand)Partner with a co-worker/friend/relative or find roommates.Can you move to a cheaper market?

The details here were not revealed to the friend, who frankly is a co-borrower in another project with him.

Or consider this the seller wants an unrealistic price for his buildable lot but he doesnt have time to wait for his buyer Wouldnt he be better of to take part in a Joint Venture deal where a group of investors decide to build a spec house or multi family units,maybe some nice townhomes or a duplex on this building site.The lot owners contribution as a co investor is the lot itself,everyone sits down and they establish a realistic value for the lot ,the buider and architect present a proposal for the plans and cost of construction, a cost for the project is established and an exit strategy,Wouldnt the seller of the lot /s be better offer participating something like this and attaining the target profit he wants to make?

This would leave you about $7000 for emergency / taxes fund (over 2 – 3 years)versus : 1 purchase for $20,000 and $5000 emergency fundThis what a co-worker of mines did and now their up to about 4 /5 properties over 3 year span.