It's also important to realize that HUD will do a very thorough underwriting of your qualifications to assume that debt.

Legal maybe but definitely sneaky RR

We have finished paying off our debts and we are able to save approximately $3000 a month.

I'd investigate that further.If you have to sign the note AND be on the deed, then you are on the hook for the debt.

The answer depends on the time and value of your time, cost of legal expense, probably of winning, and probably of deadbeats paying. 

Tell them that if they do not pay their share, then you will seek restitution legally.

We have zero debt except the mortgages and roughly $20k in cash available.

Tenant is already moved out  but legally has property until 30day notice expires.   

I had a lease option assignment case where the husband had title but wife was on the mortgage and the divorce decree said the husband had 6 months to SELL the property or the WIFE would get legal title.Husband said he owned it outright, but I checked the divorce decree and the wife said NO!

Hello Dan,There are different fees charged by different lenders and the same fees charged just with different names, lol, so yes I would always keep line items in your proforma for lender fees, legal fees and broker fees.