Thank you so much @Paul Ewing@Aaron Hall@Jeff RabinowitzAccount ClosedFor your help and support.The house is on a flat rent base and is not charged per room,the tenant is responsible for all of the bills.I have this wording on the lease," Tenant may not permit any guest to stay on the property longer than the amount of time permitted by any owner association rule or restrictive covenants or 15 days without landlord's written permission,whichever is less."

I have made them aware that they are liable for rent until the unit is re-rented or the lease term expires, whichever is sooner.

@Erle Mcdonald which ever company you go with, be aggressive about getting all the premium discounts you're qualified for.

Banks typically look at the appraised value or sales price whichever is less in determining their loan to valueYou might find a local bank that is lending their own money not doing loan to fnma or fha guidelines that will entertain other options.

I would definitely shop all of them and go with whichever one offers you what you are looking for.

I was looking on Minnesota's page about this, but I'm a little confused about this:Subd. 2.Interest.Any deposit of money shall not be considered received in a fiduciary capacity within the meaning of section 82.55, subdivision 26, but shall be held by the landlord for the tenant who is party to the agreement and shall bear simple noncompounded interest at the rate of three percent per annum until August 1, 2003, and one percent per annum thereafter, computed from the first day of the next month following the full payment of the deposit to the last day of the month in which the landlord, in good faith, complies with the requirements of subdivision 3 or to the date upon which judgment is entered in any civil action involving the landlord's liability for the deposit, whichever date is earlier.

I would then stretch the remaining $35K over 30 years or due upon settlement with the IRS, whichever comes first.

As a newbie, I really appreciate your realistic representation of possible outcomes with rental properties in a transitioning area.Best of luck waiting it out or running, whichever you chose!

Since there are different types of buyers that want completely different purchases, you will be fine, whichever you decide.

Just to be sure that they aren't just trying to get me off the phone.If they ask how you got the info that it was scheduled for Mortgage Sale, just tell them its on public record (it will be public record by whichever city is selling it).If they are interested.