Originally posted by @Jay Hinrichs:I didn't mean they were literally dropping off a suitcase of cash.

Unless, the seller's agent was a serious fool, which according to your story, she was.Then, some you assigned the property to some other fool who paid you $15,000 for this property with a Market Price of $160,000 that he was going to sell to the 4th fool involved in this deal for $175,000 with an insane rate of 7% for a 30-year loan of $85,00 because he has a suitcase full of money and would rather pay double the interest rather than deal with a bank.If the party paid you $15,000 to find the deal then he had to recover his $15,000 and I hope he was smart enough to add a little for a profit.If you purchased the property from an experienced real estate agent, as you claim, then how much money did she earn for selling the property, or was she the owner of the condo which would make her really stupid for doing this unconventional deal.How much did everyone really make and how much did the buyer really pay. 

They then proceeded to knock on every door in the building looking for suitcases or signs of "transient use."  

Are they going to fold up into a suit case you can just put on a shelf in the closet?

I then drove to the auction only to find that the buyer had showed up at the 1st lienholder's office with a suitcase full of cash and brought the note current the night before.....at least it was a nice drive. :)Thank you to everyone for all the advice.

Probably not suitable for you to just show up with your suitcase and unpack, though.

I've lived in Austin, TX for the past 2 years, but my partner and I have minimized down to a suitcase and backpack each so that we can do travel the world as nomadic yoga teachers.

I actually live out of a suitcase.

Bring a suit case and make plans to stay while you and your friends move him out. 

Our community is becoming more and more attractive to "suitcase entrepreneur" types so the jobs issue isn't quite as important as it is other places.