The Short answer is this: While you are correct that you would be paying down the balance of the mortgage you would not however be in a position to pay for any surprise that might come up and need you attention and you money...

Should I close a short sale deal with a title company or an attorney?

The snippets of the lease you mentioned are quite short and not enough to see if it will cover you to do the full investigation on the buyer of the business.  

Three months is not that long so you have to ask yourself: are you in this for the long run or the short term?

We are renting it short-term in summer, as seasonal holiday rental, which works really well. 

I have lenders in the Orlando FL area that will lend up to 90% of purchase and rehab as long as the total is no more than 70% of ARV on short term loans.

You can short-cut this a bit by looking at the hot markets.

Listen to the whole podcast to get the best explanation but long story short it could be a very useful tool in lead generation!

., It it too short notice for me to make it tomorrow night, but do these meetings happen regularly?

I'd like to learn more about buying foreclosures/short sales and flipping.