and it's a short sale SMH so silly when a seller tries to squeeze more out of a short sale. 

They sold the home a short time after paying it off.

make the payments, keep the insurance enforced, take care of the property, only do wraps or subject to's short term while you sell or refin and use a 3rd-party escrow company for payments.  

Thank you @Todd Dexheimer and @Michael Le@Jeff Greenberg it's a very light value add. most of the heavy lifting had already been done. for this deal it's more about getting a solid, low risk income stream for the investor. in short we'll make cosmetic upgrades to units when they turn in order to keep growing rents 2% to 3% average per year.  

I could be short $450 for a month or two until I rent out the back unit (I have savings I could cover the rest of the mortgage with), but after the back one is rented I could have a little cash flow- at least enough to save for upcoming repairs, etc.

Hello all,

Wanted to find out some info. I wanted to just ask if there were any rental owners out there that are using the Air BnB method in the properties they own? I hear it is a new coming wave for using term rent...

I want to use the 1031 exchange for this sale.My question: Since it is such a short time from purchase, is it possible to apply the 1031 exchange to the purchase of the 3 units?

They attempted to cram down a loan that had over $50,000 in equity because the HELOC was coming due during the BK period citing HELOCs as a "short term loan." 

In short, an as is clause means you are accepting the property in the condition as it is in, the seller is making no representations with respect to the condition of the property, and the burden regarding mistake or defect is on the buyer.

BUT I have properties which are on VERY short supply so it is very much a landlords market Your results may vary This way I avoid dealing with late fees and possibly violating the law