Quote from @Amy Smith: Be careful you don't get in too deep.

Greetings BP community, I recently joined a national senior care living development team.

Tax free money is huge.I may have 100k of instant equity so I don't care about about tax write offs.

be careful..

I personally used a 40k ADU grant with CALFHA HPP Cares that covered a chunk of the cost.

Some gurus tell practicioners of sub-to to hide transaction from the lender by saying the lender doesn't care as long as the payments are being made.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.

You have to be careful here.

But it is so cheap so who cares.