While I understand my current holdings are not going to get me extremely far ahead under any immediate circumstance I do know that while I have other people paying my mortgage (4 leases, the sf was reno'ed to a triplex if I didn't mention that prior to now) and will have some extra cash flow while someone else pays my note.

Borrowing money is another thing entirely and might work in some circumstances.

With that said, I'd give it a shot depending on the circumstances, but if it doesn't stick initially, you'll have to weigh the financial benefit of going the legal enforcement route.

The 50% can be adjusted for your particular circumstance.

I am not going against the rule of thumb, there are just extenuating circumstances.

I have been able to get the seller and buyer to talk to each other directly in some circumstances.

But the LOC can be "called" under certain circumstances; usually, if the collateral's value has diminished to the point where it's less than the amount of the original CLTV a lender will be at risk so call becomes more likely.You will find that you can get a break on the interest rate if you allow for the bank to auto-draft from a checking account that is with the same bank; if you don't already have checking there, makes sense to open one and keep some minimal funds there to cover loan payments.As to your example in the OP, let's use the following: $650k appraisal, $413K loan balance, 90% CLTV.

The Tenant agrees to financially compensate the landlord for any repairs that are made to the Premises for damages that occur due to the Tenant’s act, omission, or neglect of the Premises.

But knowing what your options are and how to implement them under the right circumstances is a good still to acquire that will help you profit.Sarah, seems to me you still need a lot more training in the wheres, hows of Lease Options.

The hype the benefits of using passive losses to offset ordinary income (even though the limitations on doing that often kick in), but neglect to mention you're increasing your tax liability when you sell.