I only browse the Memphis listings maybe once every two weeks out of curiosity.  

Second, just out of curiosity why put your name on the HML if its not going to be on the refinanced loan, not that it really matters either way, a conventional lender will basically make you "re close" with the house, title search and such before they loan out money, so it could be put just in her name at that time, but I see no reason to have it in your name from the get go.

Asking Price $9,900....I love cheap stuff so I went by just out of curiosity.

The options are so varied and dizzying that one sits paralyzed and procrastinates, while the money accrues 3% interest in some bank.What I need to be able to do is buy the first two properties while leaving my options open (financially) to buy more in the future.

Out of curiosity, is she in foreclosure or just wanting to sell the home?

When someone makes a statement like the quote here it makes me think they are just making a "shocking statement" intended to raise curiosity.

Consider taxation on every deal, it's part of doing business.I see your point as to the cherry on the top,  but since taxes are part of every transaction they don't just appear at a future date, they accrue over that period of time making tax consequences part of the analysis from day one.

Professional lenders will want you to have 10-20% of cash in the deal to keep you honest.If you don't want to make monthly payments, offer two interest rates: lower for monthly payments, higher if it accrues and is payable at due date.

In Texas, we are legally allowed to deduct late fees accrued from the security deposit. 

;if say no, I would respond with 'Just out of curiosity, when was the last time you saw the property?'