Chapter=0045 Basically, the trustee would exercise the power of sale to get the property back.

Starting off I understand probate to be a great list but a list that might take months to close bc the nature of the probate process.Here are somethings I'm doing bc I'm on a budget as well (in terms of marketing)- Connecting with other REI in my local areapurpose: to find out intel info on investors, areas that are doing well for the wholesale approach, best practices on property acquisition approaches (direct mail, lists, digital)- Taking note on the "ugly" homes in my areapurpose: research the address, current value, building a list to check at the county for absentee owners- Contacting FSBO homes purpose: to start the exercise of talking to home owners and gaining the experience of having these types of conversations. looking on craigslist for fsbo and using the fsbo siteFrank, welcome to BP.

And assuming they do not exercise that option of redemption, then it gets wiped off the property?

I'd like to share the details below and if anyone would be willing to use my numbers to show me how it works would be greatly appreciated.Asking price: $149,900Taxes: $2,120.67/yearRents: $1,650/monthExpenses: $750The asking price is probably too high but as an exercise how could I structure the financing to make both parties happy?

What happens if you  or your buyer goes to exercise the option and the owner of the property refuses to sign a purchase and sales agreement for whatever reason.

The LO allows for extended cash-flow and possible high capital return if the sales price is high enough and the tenant/buyer exercises their option.

Any attempt to make a mechanical procedure that is one-size-fits-all would be an exercise in futility.

Of course my other option would be to simply use the equity in my first house to buy my third as conventional but I want to exercise the refinance option from above first if I can.

I enjoy taking potential deals and sizing them up as an exercise, I think it's a good way to practice analysis skills and sharpen your eye.

In addition to real estate, I spend my (limited) free time traveling, photo/videography, with my dog(Whiskey), reading/learning new things, play soccer weekly, exercising, and now apparently house/yard work with my new home.