Your personal guarantee of that debt instrument in a transaction where the IRA has involvement would be very risky.Our firm's approach to such JV transactions is one of caution.  

The BP forums alone have been instrumental in answering most of my questions, however I feel like I've gotten to a point where I need to start asking for answers rather than searching for them.

If you have a title company that is investor-focused (or supportive), and owned by an attorney (or at least has good relationships with a law office) then you should have a helpful guide to generate the debt instruments needed. 

Each state has its own terminology, but recording a release, termination or reconveyance of the mortgage instrument should be effective.  

Hi all,I'm trying to dive into real estate wholesaling and would like to learn how to develop the instrumental skill of estimating rehab costs.

If for some reason he doesn't want to comply, you would be forced to foreclose on him.In this setting an installment contract, where you hold the deed until you are paid in full is probably the safer instrument or a lease option.  

Jay spent 30 minutes on the phone with me about a year ago and it was instrumental to keeping me out of some really bad deals.

Owning guns is a pain in the butt in CA, so I'm relatively light on the guns but have various bladed instruments staged about our home (that I own, obviously).The hoarding is the only thing you described that strikes me as unusual.This dude probably wants to do what is expected of him, which is not causing permanent damage to the property and pay his rent on time, in exchange for basically being left alone to quiet enjoyment of the unit.

@John Suralik  subject too is a very old and easy method of acquiring RE its not big deal. what it is is uber risky for sellers unless the sellers have already lost their credit and don't care and are walking.. the reason is you take Title subject too  the existing loan.. remember loans stay in place unless paid off and even though all debt instruments have alienation clauses they are rarely envoked.

We recently had a case where we contacted the Chicago public health department and they were instrumental in intervention and supportive in our efforts to have the tenant notified that the unit be cleaned or vacated.