A buyer of that instrument would deliver a cash value as consideration and the mortgage equity would be a true mortgage for that Mortgagee.

Can you find assets to invest in which deliver a higher yield and perhaps total return?

I'm worried about sanding dust on fresh paint.

If the mortgage being delivered to Fannie Mae is secured by the borrower’s principal residence, there are no limitations on the number of properties that the borrower can currently be financing.If the mortgage is secured by a second home or an investment property, the borrower may own or be obligated on up to ten financed properties (including his or her principal residence).Properties that are held in an LLC are subject to be included in the count towards maximum amount of financed properties, regardless of ownership interest in the LLC.

Based on the numbers, I would offer no more than 8k in order to deliver a great deal to my Investor buyer and make a profit for my time.

@J Scott To be fair and be consistent with the nomenclature, I dont think we should refer to "hyped up fresh out of the seminar going to quit in 2 weeks anyways" people with the "I am looking to build a business wholesaling" people.

After confirmation that it has been changed I will send them or hand deliver them a bill for the back utilities owed.Huge lesson learned for first time LL's going forward we will :1.)

I stumbled onto HF buyers, they buy from whomever can deliver the deal to closing table, they can work with agents but they can work with anyone.

I didn't think to measure the length but it was probably delivered on a flat bed.  

Maybe do up an invoice and find some heavily tatted biker type to deliver and collect for you... :)