I like having a "middle man" because I am too nice :) I feel sorry for people when their dog dies or they get all of their teeth knocked out in a car wreck (true story) and can't pay on time.Also, on a more serious note, my property manager has processes in place to handle tenant screening, rent collection, maintenance calls, late payments, walk-thrus, etc.

If they're "selling the American dream" to people, but don't own a house, It would be like going to see a dentist with a mouth full of rotten teeth.

You guys should definitely find something to sink your teeth on since you're more familiar with the area.

Good call on being sensitive to the family back story as well.

.- Got taken to lunch by my realtor, contractor, property manager, my tenants- Got scammed by a guy who posed himself as a MF lender- Got bullied by a real estate lawyer to sacrifice half my deposit for doing nothing wrong.A not so warm welcome.. got out with my teeth kicked in..That is not to say the market may not be for you!

.- It's like pulling teeth thus far to get this much information.- He's informed me that he will only speak of the remaining debt on the property with a serious buyer.My question is should I try and take this deal or walk away?

DO NOT and I mean DO NOT contact those creditors or make partial payments to them.What that will do is REFRESH and old negative account and make the credit score take a nose dive.It is true it takes usually 1 to 2 months to update changed results in the scoring model.If the buyer has a time sensitive loan issue the lender can do what is called a "rapid re-score" with the credit which will update the credit report score much faster but costs money.In addition to paying down the cards your buyer can also request a credit line increase on all the cards.If 3 out of 5 or 2 out of 5 increase the limit that will help bring down available credit percentages to used credit even more.Even though the buyer is at 680 they want to try to get the score up higher.You do not want to be right at where the score requirement is and then something happens and you are off by a few points.Do not close credit lines.One of the scoring criteria is length of active credit history in good standing.If the buyer has 5 cards and 3 are 2 years old and 1 is 1 years old and the last one is 4 years old then you have a 4 years history.If you close out the oldest one your credit history in good standing has dropped to 2 years now which affects the scoring model.The buyer should stay away from big purchases cars,furniture,appliances,vacations,weddings,etc. until AFTER they have closed on a house and moved in.Those types of purchases are much more lenient on debt ratios than house loans these days.

I live in N.Metro Atlanta and I have a time sensitive opportunity that I would like to offer to someone that can operate a facility that was previously an assisted living/transition house.  

Confidentiality is part of it and if you have ever worked for a place with sensitive data you should know how to safeguard it.

There is no such thing as one bank or mortgage company that's the right total value proposition for all use-cases, it's necessary to factor in both "hard" costs like rate and points, and "soft" costs such as how fast do they go and how easy are they to work with, to find the right home for that particular loan.Since this is a refi and not time-sensitive: If you are super busy and your time is worth $100/hr, I'd say #1 is a no-brainer.