ok i read and understood most of this thread but i have questions. so if a bank or any corporation exist merely for profit, and calling a DOS is legal and feasible, then why wouldnt banks sell the violators of the DOS clauses properties off?

I really want to do lease option but in this market is lease option really feasible?

It is only feasible if a homeowner determines or decides early enough in the pre-foreclosure stage to sell because they cannot afford the home.

It's not feasible for the price across their coverage area.

So for that house, none of the other alternatives you listed were feasible, other than the interior french drain with sump pump (that I left in the excerpt for reference).

If you want to get our opinions of whether a project is worthwhile/feasible, it would help to include a lot more detail, including the numbers...

I have created a model where I would pick up their sublease for 60 cents on the dollar (around 600 for each unit) and rent it out on air bnb for $100-$200 a day with an expected occupancy of 75% - $24,750-$58,500 per month for 5 months (if feasible, I could expand to upwards of 100 students).Sounds great right?

It appears that any holding period shorter than 24 months, while not disqualifying the transaction from Section 1031 treatment, will make the transaction suspect in the eyes of the IRS.When determining whether a like-kind exchange is feasible, practitioners must differentiate between a partnership interest and an undivided fractional share (which can be exchanged by a co-owner under the Section 1031 rules—see Rev.

G urley also mentioned obtaining a waiver for the bank and then going directly to the bank but would this make it more feasible to obtain the deed and the property4.

However, if that is not feasible or desirable, since your system is on a loan, not a lease, your in a better spot.