The short sale lender needs to eventually approve the final HUD... that's the one that matters.

If I can't sell without capital gains, I guess I can do a 1031 when the buyer finally gets his refinance situation fixed.

And, yes, there is exactly one Target, one Walgreens, etc, in CO that sells liquor.) finally started accepting cards.If you want to accept credit cards, that's now trivially easy, too.

He actually hires a PM to find potential tenants who are qualified, then does his own second tier screening of the final list of tenants and the PM gets half of first months rent.

I've learned quite a lot from the experienced posters on this site.Hopefully I can get some advice on a situation I'm facing.I bought several tax liens in my home state of MS 2 years ago.I'm very happy with the returns, but I have one left that did not redeem.It was a homestead property when I purchased the lien, but now it has "estate" listed on the property, and the taxes are now about double what I paid for the lien.So I'm assuming the owner passed away in the last 2 years.August 30 was the final date for redemption, and I have filed to get a tax deed.My state is known to be lenient in favor of the property owner, and tough on the invester, so I do not expect to acquire the property.However, I have no experience in this aspect of the deal, therefore really don't know what to expect.As it is a relatively small lien, I'd like to avoid the expense of a lawyer if possible, as I'm not sure that money can/would be recouped.One avenue I have considered is to contact the owner when I have the deed, and offer a quit-claim settlement for my interest in the property.I'm interested in your thoughts on this solution, and any other ways to bring this matter to a close.The original lien was for $600.

If the relationship is worth something to you, just pay them something extra when you finally close.

I bring this up because I like the idea of running my own firm some day, but the idea of running the finances, marketing and business part of it are not nearly appealing to me as just being the one who makes the final engineering decisions.

John,Here in the United States, properties will not cash flow with gross rents of 1% of the acquisition cost (purchase price + repairs).

Many claim to be able to provide financing but rarely do we hear the final outcome.John Corey

I have been reading the posts here for awhile and have finally decided to join.