You can also ask the holder of the Contract for Deed to amend the Contract so that it can be assigned or transferred.

One challenge that we find as a holder of non-performing notes is it is difficult to find good, reliable, real buyers for REO.

Three big ones are that without obtaining some type of residency visa, you cannot even spend more than 90 days in Italy (or any other EU nation, and simply owning a home there does not qualify for a visa), there are possible issues of double taxation, and even getting there and doing diligence on a property and hiring architect and construction crew is an expensive, slow process, before you even get to the point where shovel one hits the ground.  

I then found work here in tech so I could have a visa and working rights.....

For us they are on work VISA sponsored by the local farms, the farms spend a lot of money getting them to come work, and therefore do a lot of the vetting to get quality workers.

It's good for flips, BRRRRs, or a place holder if you find a screaming deal that you can't pass up until you get a big bonus or increase in income; however, it's not ideal as a down payment or purchase on a standard buy and hold.

This amount is considered taxable income by the IRS, and you can later be sued by the note-holder for the difference (at this point a judgment can be entered against you and your wages garnished or liens placed against properties owned, ect.).

Just got an offer accepted on a place in Minnesota with my sister as the sole note holder.

Landlord is hereby irrevocably vested with full power and authority to subordinate this Lease to any mortgage, deed of trust or other lien now existing or hereafter placed upon the Leased Premises of the Building, and Tenant agrees upon demand to execute such further instruments subordinating this Lease or attorning to the holder of any such liens as Landlord may request.

Season ticket holder here.