The bank foreclosed on the homeowner, the judge granted, it went to to sheriff's sale auction, now the bank owns it.

I have gone to most of my closing tables and walked away with a check as I bought the property (granted I have a bigger loan, but now have rehab cash).My last deal, currently under way, they are willing to pay rehab (if it appraises right as per above), but I must provide receipts for rehab and they will reimburse me.See the link in this REO forum:http://forums.biggerpockets.com/viewtopic.php?

Granted she's on the golf course side of the street, and has a 3 car grog, versus our 2-car, but still!

In the end it's all worth it because you have secured a property with no money and without using your credit..

Hello, Thanks for your response regarding your interest in having my apartment for rent.The apartment is much available for now.I want you to know that I am the owner of this building situated at XXX Malaya Way, Centennial Denver .But i am now presently in West Africa for my Hopitals Project prayer crusade with my wife and we have the keys right here with us.I will like to inform you that it was due to my transfer that makes us to leave the house and also want to give it out for rent and looking for a resposible person that can take very good care of it as we are not after the money for the rent but want it to be clean at the time and the person that will rent it to take it as if it were its own.So for now,We are here in West Africa,NIGERIA our new house and also with the keys of the house,we are trying to look for an agent that we can give this document before we left but could not see and we are as well as dont want our house to be used any how in our absent that is why we took it along with us here.We are only willing to give the apartment out to a lovely and caring family only, so if you know you cannot give the apartment the neatness it deserves please don't contact me.But if you promise to always take good care of the apartment,get back to me on how you could take care of our house or perhaps experience you have in rentiong home.Hope you are okay with the monthly price of $1000 with hydro,heat laundry facilities,air-condition and the security deposit is $300.i look forward to hearing from you ASAP so that i can forward you an application to fill out and discuss on how to get the house for rent,also are you ready to rent it now or when?

Jon, If I do that won't the bank loose their security interest in the property?

Sign a contract with your investor to sell your half interest contigent upon you two buying it in the first place and after closing sell the other investor your interest for whatever the agreed assignment fee would be and quitclaim out of your interest.If you have a cash buyer let them bring the cash and secure them with a security deed to close the deal.

There are lots of investors out there who loan money for real estate deals, and might be interested in loaning you the money assuming you are willing to put up some additional security in the way of the extra lots (or other assets).

Do many landlords sign a mid month lease or is it better to collect a prorated 15 days + First Month + Security and start the lease on the 1st of the following month?

We only collected 1 month in security deposit or $50.