Who told your relatives you could get them 15-20% COC?

Yes, your relative cash flow may decrease some by virtue of being responsible for a bigger loan amount, but you can use leverage to own more property for the same price.

you can show those monies coming from your relative.

Are you specifically trying to help your relatives or are you thinking of doing some land investments for yourself?

Just say "hey I am a neighbor that knew your Relative and the house is deteriorating and wondered if you were interested in selling it."

So, it doesn't matter if your family member pays you directly or if the mortgage broker pays you, it still coming out of your relative's pocket.But Chris' link address your underlying question.

No more claims, that tenants brought bed bugs to the apt.Everybody thought: "If you, all your relatives and friends, wholive in NJ have bed bugs...

I would vet some banks to see if it is really as hard as your relative says before you just develop an entirely different strategy.

My advice would be to speak with an attorney and discuss if you can form a partnership with your relative and create a legal situation to achieve your goals.If that is not the case, or if there is not enough time, then Jon's suggestion of a "Deed in Lieu" might be your best option.You made the mistake of jumping into a deal without securing your back end financing.

Getting a reading of your Relative Humidity would be helpful.