We are a ways off from Social Security age.We have not decided where we may move, but have been thinking about the Lake Isabella area.

Hard work man...Calling your sphere, call arounds for other listings, door knocking, open houses, networking events, social media, forums like these, etc etc. 

smells shady to me, however the the fact that he wants to put as the leasse wouldn't concern me so much since would put his name and the LLC on the lease and you would take his personal social security # to run a background check either way, but the fact that he told you that he is planing to sublease it that a red flag to me.

On residential sales I see flood zones as a major concern, but on a rental property many investors I've talked to see this as an acceptable risk as normally the insurance would cover it the cost of any repairs.

@Laura Srocki I think at some point the asset manager for these REOs will accept lower than 12%.

Regardless what you do the property has to be a solid deal so it makes no difference what they are asking but how much will they accept.

Is Thursday at 11:00 AM an acceptable time for John to come over and look at the issue? 

Unfortunately, the offer was not accepted though so I'm still looking.

With a background in digital marketing, branding, and technology I am currently serving the a co-founder & COO to an event based social platform.

Typically, lenders will require a borrower to list the house on the market through a real estate agent in order for them to accept a short payoff.