You can ask a smaller credit agency to work with you with just a few rentals, and negotiate a price--the larger ones don't want to do it usually.Hope that helps a bit.

Failure to pay gives you much better recourse with a business rather than an individual tenant.The key is knowing how to create and negotiate a contract agreement which protects your interests and is financially reasonable.It is common that a PM company in commercial will take the entire value of the lease and charge a % of it.

If the seller's contract had a subject to clause then they weren't authorized to let you take over the loan without CW's authorization.The worst that can happen is CW will call the loan due, usually 30 days but negotiable; you will lose whatever money you have invested if you can't pay off the loan; and the sellers will get a foreclosure on their record if they can't pay off the loan.If there is enough equity in the property you may want to try paying it off or selling it.

If you come up high and can't locate a buyer, go back to the seller and negotiate a lower purchase price...

The point I make to others who ask me this question is this: if you have no experience writing contracts (or negotiating them), it would be more cost effective in the long run, by footing the bill for an attorney upfront rather than go at it yourself and hope for the best. a mistake could cost more than the fees you "should" have paid out in the beginning.

Think of it this way:There is a continuum in this negotiation.

He/She wants a 12% interest return on the money invested (perhaps you can negotiate that down to 10% which is fair) and splitting the net is great.

Based on who you are negotiating with will help determine a starting price...

Now, you have a number to start negotiating from.

I'm trying to negotiate with an owner to buy his home that is in pre-forclosure.