In the end I suggest you simply be assured that you will have a positive cash flow that covers the value of your efforts with a profit and a low vacancy.

Trust me we vigorously fight these inflated assessments but rarely get any concessions & I can assure you that sale price has absolutely no bearing on the 'tax grab mentality' of the assessor.But I have been networking with a great bunch of young Veterans,& because of that we rented a SFH today to a young military family.end of rant...

I can assure you that not one of these are located in "war zones" bur rather in beautiful, clean and safe suburbs.

I've sure learned my lesson and can assure you this will never happen again."

I would be shocked if the bank allows you to transfer ownership while keeping the mortgage in your father's name.Kenneth Estes you're right that the bank won't allow it, and does have the right to call the loan, but rest assured this happens every day.

It shouldnt be that hard to get that done.Most lenders dont do an escrow hold back any more, because the only way that they have to assure that their collateral is up to their standards to require it be done prior to closing.

If not, and they can accept that it’s Ok for an investor to make a profit, then they can be assured of getting out quickly and conveniently.You might change your mindset from that of someone trying to steal a house at low-ball prices, which you're not, to that of someone providing a service.

Each time, after speaking with one of them, and asking them to assure me that if I make a payment another one will not be automatically withdrawn, it always is.

They know that banks probably won't loan on distressed, non-performing assets, or they simply want to assure a quick, certain close.

They will be very helpful for you if you fall in favor with them and it will be worth the efforts I assure you.Good luck...