The reason was due to non-payment.To protect yourself as the seller, it is advised to make a payment and stay at least 1 payment ahead of your buyer at all times. 

  #1 with the mortgage company who is doing their 1st lien, to see what they will actually loan on $500,000 purchase price, #2 if they will allow 2nd to bring them up to $500,000 with no down payment

Second property, 25k cash, 30k financed with heloc with payment based off 15yrs amortization at prime+2 interest rate. $700 rent, PI $278, 10% management, 65 insurance, 595 taxes. 

If my plan were to continue with OOS properties, I'm sure I'd keep searching here or just go through OCF...but I made the decision to stick with my local area and a few overseas locations.It's also important to be realistic about what kind of return you will be getting with a TK investment....Anything in double-digits is unrealistic for any TK, IMO. 4-6% return is more realistic. 

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

Can you make a lump sum payment to the bank for the escrow shortage and then have the payment adjusted to account for the higher taxes, but not covering the additional escrow?

I know dozens that live overseas and all across America, including me and do all their business in the Midwest Double digit net caps are the norm.

The refinance will get our down payment back, along with the current mortgage and renovation loan paid off.

., including Columbus, OH.An assessor ("auditor" in OH - https://property.franklincountyauditor.com/_web/search/commo...) determines value and enforces the millage rate; the commissioner ("treasurer" in OH - https://treapropsearch.franklincountyohio.gov/) issues the tax bills and collects payments.

If not, maybe ask for slightly more interest or fee, knowing that you'll have more time and cost involved if you have to take the property back.Is the buyer going to pay you monthly payments of 4166.66 for 24 months, or is this a smaller payment with a balloon?