These are done between the buyer (you) and Seller.The situation that is most common to find these properties are in a foreclosure proceeding, or pre-foreclosure. 

I would recommend consulting with a tax professional to gather more details to confirm this based on your situation.

The two-count indictment charges them with conspiracy to commit wire fraud affecting a financial institution and conspiracy to submit false statements to a federally insured financial institution.

I was a SWO for 8 years, and the best thing I did to improve my financial life was real estate investing. 

I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

I would underwrite buyers based on stability of income, financial payment history & ability to pay.

I recommend before spending thousands of dollars on this you speak to your CPA and your attorney as they will understand your overall financial position and the risk.The question I love to ask is "what are you afraid of being sued for that insurance would not cover you on?"

Let’s say a property is, in its current situation worth $300,000.  

If a situation arises where landlord and tenant end up suing each other or both being named in a lawsuit, and we're on the same insurance policy together, that seems to create more problems than it solves.

Hi Moustafa, congratulations to you and your wife on your marriage and for thinking ahead about financial independence!