I also have been writing down the addresses of places I like then I can look them up online and see if they want to deal as well.  

That's a niche that worth writing about.

Why would I write that?  

[You won’t get lien release instructions in the “buying documents” but you can write those up for your friend to send to the title company when you refinance.]To truly protect yourself if you give money to a friend to loan back to you, your friend should agree in writing they are getting a personal loan from you in the amount they are lending to you for the house and that they agree to release the lien simply by you asking, or more importantly do as you direct them to release.

You will find that either your anticipated tax situation will likely not require as much help from a depreciation write off, or that your exposure now is not so bad that you can absorb the 140K or so in tax from a sale foregoing the 1031.If paying the tax now is too painful and you anticipate needing more depreciation write off in the future then 1031 and use the gain to purchase more property than you sold and take both the remaining 12 or so years on your current property basis and the additional depreciation you gain through purchasing up.

Hello Jake,Are you wanting to wholesale the property, if so you would need to write them a letter explaining that you would like to purchase the house.

If you wanted to split it 50/50 you can write it up like that .

:PRealtors would get pissed at me if I started writing census tracts on preapproval letters, which is why you do not hear a lot about it. 

this actually happened with the obama administration years ago.these are what you are finding, troy. these houses are less than desirable and the bank, well frankly, " has bigger fish to fry". so these houses sit and sit and sit. get run down, and pretty soon, when the bank wakes up and realizes they have thousands of dollars in carrying costs invested in this house, they discover that they will never get anywhere near the amount that they have invested in the house back to them, so they " drop" the house. thats right, they write it off. they stop paying someone to check on it every 2 weeks, they stop paying someone to mow the lawn, etc. and they stop paying the taxes.my advice to you, call and ask the bank if they have " released the lien or mortgage" back to the original owner. some banks will tell you, others will not. then, call the local tax authority. ask how many years ago the last taxes were paid on the house and who paid them. if it was a bank, and they stopped paying the taxes, well, there is your first sign that the bank has dropped the house. they aren't going to keep paying the taxes on a house that they no longer want, are they?

Can you not write something legally into lease agreement terms that states the tenant must vacate a property after 30 days past due?