So, it looks like they would not be as motivated by the foreclosure as I thought.The price they are asking for the property is still not a bad deal given what similar properties have sold for, but the fact that the long time tenant would be leaving with them, plus the fact they want a cash deal, it's not something I want to entertain.

That would be very entertaining.

Lets put this perspective first off....Your taking about a multi million dollar real estate firm that works very heavily in your area (central CA) and many areas here in CA as though they are the ones that are idiotic and dont have good communication skills and they dont have good deals...smh.....But I know where this is headed and i just cant entertain it...

Sorry about the EXTREMELY long post everyone, I hope at least the drama is entertaining enough for you to read to this point

Since I work in the entertainment business, this is all tax deductible for me and since the units are already wired, they just use my service.

So, I suppose I would entertain leasing a property out if need to.Don

... or you laugh your behind off regularly watching HGTV, especially when they run the numbers for the flipping show, and when they cut to the scene of the "flipper" host laying tile and it is readily apparent to an experienced eye that it was the first tile they ever laid, and cut to the next scene with a perfectly pressed and clean shirt with no sweat or grout, and then cut to the next scene when they went over budget and come up with the brilliant solution of "No problem, we'll just list it for more", and then they magically get that inflated price every time ... now that's entertainment!

@Joshua D.Just curious if you would or could entertain the thought of her also leaving her W2 to contribute to the real estate business and drawing from the business just what she is bringing home?

The only reason I am entertaining this idea of the promissory note is due to the legal fees and back rent he owns...guess its time to swallow the loses and move on. 

Great post; informative and entertaining...