This could trigger the due on sale clause issues.If this is a friend of yours, you can't help unless he is willing to transfer an interest in title, there may not be any profit, tell him under the circumstances he needs to get a Realtor/PM.Not every house you find will be a deal, personal relationships don't set the stage to force a profitable situation, IMO, move on. :)

She seemed very aloof, but wouldn't it behoove her/her client to get the property sold while it's in the short sale stage rather than risk not getting the loan mod?

I don't use "lease with option terms" and "subject to existing financing terms" and "wraparound mortgage all-inclusive trust deed terms".The upfront agreement basically talks about what you are willing to do as a business person, and sets the stage for not coming back ever.

I think that this is the last stage of the HUD listing process, after they were unable to sell it any other way.

The excess basis has to be capitalized and the basis is continued from the relinquished property.

First let me say that I have never been to Detroit… But from what I hear and see in the local MLS… I think you are right… I don’t think it is the lack of buyers… I think it is the excess of inventory!

Anything specific that you noticed about the leads you were getting (type of lead, stage in the sales process, price point)?

I have been there 3 years and take care of the place. figured id ask.San Jose has rent control except for duplex and single family home.Kind of excessive 20% within 6 months.

On those reports, I don't believe I have ever seen "invalid", and I have personally reviewed in excess of 5,000 reports.

Unless your local regulations specifically require some type of mold certification or license in residential (which I highly doubt), you will end up paying excessively for something you can do yourself.