The notion of causing a DIL is not ill founded, you can get a mortgagee to give a Deed in Lieu of Foreclosure but in many cases do not underestimate how difficult that might be.

OK then both those details would make me stronger in my notion to take the payments because1. sounds like the guy will make good on them2. you can make a lot of good investments on your own in the next 20yrs that will help you end up better off in the long runthat's my 2 cents!

They are not going to fall for the notion that a $43k purchase plus $5k in repairs yields something actually work $80k (because it almost never does, but that is another thread.)Your buyer also won't be getting a USDA, VA or FHA loan, or any state low down payment loan either.So max loan in the area of $32k-$36kSo to sell it to them at $80k, they need more than $40k down.The problem then becomes getting a mortgage for $32k, which is below the minimums at literally every single lender I have found.As Jon said, if you honestly believe it is worth $80k with $5k of rehab, buy it yourself, put the $5k on a credit card, and sell in 6-12 months (depending on seasoning requirements.)

I agree with the notion that military people could settle for mfh's but i personally cant afford multi's in the ghent area or similar high end locations.

I'll second the notion of the general philosophy behind it all.

The word "fee" sets up the notion of fee for service.

Might be worth speaking to a CPA or experienced accountant......30 minutes with an attorney who has experience in ED isn't a wild notion either. :)

I think I was too caught up in the notion of pick an idea from the sky, automate it, and then heading abroad with lots of cash!

I feel it's easy to succumb to the notion from posts on here that after a certain amount of time the bank should dump the house.

Dion has included the notion of an "escrow buffer" here, but unfortunately using a three month buffer would be non-compliant; two months is the limit.http://portal.hud.gov/hudportal/HUD?