It kinds of brings this conversation full circle, as my first post was trying to acknowledge that we can't precisely calculate any of this, whether it be expenses, profit, interest rates, economic cycle etc... so you have to make some reasonable estimates of the range of outcomes you can expect and be reasonably ready for them..

I made a mental note to find whoever is maintaining or representing the property and have a conversation.

Phone conversations with servicers are recorded by the servicer.

@Joe Gore thanks for getting in on the conversation.

I didn't say the loan proceeds would be taxable, although there are some extreme cases where it could be, I said the interest may not be deductible.I'd start with a good conversation with a CPA familiar with the regs.

Any busboy can overhear a conversation, my bar tender knows cash buyers, anyone can go into a courthouse and find cash buyers with very little training and assistance from the office staff.

welcome @Andrew Dohanicz and congrats on joining the conversation.

. - welcome and congrats on joining the conversation!

This post has turned into great conversation.

@Gary Dubovick - welcome and congrats on joining the conversation so early.