Hello,I just bought a condo for $195,000, put 20% down and got a loan for the remaining.

I think Stone Mountain will remain stable in inch up from an affordable but nice community.

Hi Tim, buyer offering 155000 cash..no mortgage..5yr term balloon payment at 5th year for remaining balance of 30000..interest rate of 4%eviction time usually 3 months. could be longer..expense I don't know..I would be in first place lien on property

A policy might have to remain in affect with the original owner because it might raise flags with the bank.

But if you were only able to buy a property for $175K you would pay tax on the $25K difference but would still shelter the remaining $75K of profit. 

As long as you have renters who will want the space and investors who want to buy them you will support the property prices.Depending on what class of property you are buying ie Class A, B, C or D will probably determine whether your property holds it's value if those two demand drivers remain stable..

All other terms of the original lease remain the same.

I include in my leases that when the lease ends it will remain active on a monthly basis unless otherwise amended.

But for now, and we don't know for how long, it remains a seller's market in several price points here.Best of luck with your listing!

It sounds like what you want to do is take on a liability and allow a nonpaying tenant (previous owners) to remain in the property.