Basically, the question is how to to -maximize- the use of $50k?

Get him an ashtray and ask to to smoke outside.

The next time Jason tries to speak anything in support of Global Warming - remember that he directly correlates the misinformation surrounding Global Warming to to the misinformation surrounding the start of the Iraq war.

Found a buyer willing to to satisfy the net requirements for HUD in Dec and submitted his offer(A-C deal).

So you are saying, to do this, I have to have an assignment agreement signed by the seller, me and the new buyer in order to do a double closing and thats the best way to to do it?

As Jon said, you have to to qualify for the loan just as if you were buying a property from a regular seller.

To anyone willing to help me along the way I'd like to say 'thank you' in advance, and I look forward to to helping others along as well.

., if there's an eventual 1031 exchange), things may get complicated.If you convert ownership of the property to tenants in common, the other owner(s) are free to to with their shares as they please, and they don't/can't get in your or the LLC's business (especially if the life-span of the TIC arrangement is spelled out), since your LLC is just another shareholder.

thanks to everyone so far who has chimed in- we have a co-signer now- a family member with perfect credit, assets, but all their money is tied up and would be too high a penalty to to get out.

Good thing was I didn't have to to any work to the property.