Hey @Adriana McLaughlin - This is actually the FIRST TIME I have heard of the term "ALL-IN-ONE-FIRST-LIEN", but after doing a little bit of reading on it I am not sure I still completely understand.Basically, you apply for a HELOC credit payoff your existing mortgage with this variable HELOC and then in theory have some leftover as well...so the advantage is paying off your loan early and getting access to a line of credit, but the disadvantage would be a variable rate mortgage for the reminder due on your orginal first mortgage? 

I'd start with option 1 and remind her she's already behind on rent and you're giving her the option to move out without the need for an eviction.

@Grant Tyler Short@Andrew Laxjust a reminder that @Dan H. is just telling you what he does and what he is successful at - he's not dictating anything to anyone. 

Secondly, the step by step closing process is great but there should be a time limit and better reminders  when the seller or buyer need to complete tasks.

As firm as possible while still reminding you it’s up for interpretation not as black and white as we’d like. 

But remind them they’d need 25% of the $700k ($175k) plus the $150k premium you’re asking as a cash downpayment. ($325k downpayment should eliminate the tire kickers.) downside to your plan is you eliminate all the owner occupants as buyers.

Reminds me of an old saying:He who knows not and knows that he knows not, is a child - I teach him.He who knows not and knows not that he knows not, is a fool- I shun him.He who knows and knows not that he knows, is asleep - I awaken himHe who knows and knows that he knows, is wise - I follow him. 

I ended up using a combination of XL (each loan has it's own tab with loan details and amortization/payment table), Outlook Tasks/Reminders (to track upcoming due dates/maturity dates), and QuickBooks (for general ledger)...all held together with some bubble gum. 

Start by sending a reminder that hallways must be cleared and no storage in hallways is allowed.

The comment about Nigerian trolls spamming BP reminded me of this hilarious ted talk about what happens when you start responding to scammers :)https://ted.com/talks/james_veitch_this_is_what_happens_when_you_reply_to_spam_email?