She finally has gotten it semi controlled and is just no trying to sell and get out of it...

Remember you don't have to own a property to control it.Good luckPaul

I owned or controlled several hundred homes in the inner city at one point and I watched a lot of my single mom renters so well...until they lost a job.

Remember you don't have to own a property to control it.Good luckPaul

, so the brother doesn't have this money tied up too long...if you have a principal-only loan, you will have paid down the loan significantly after 10 years, and can probably re-finance the balance; you'll have a good amount of equity in the property after 10 years (or whatever you negotiate) of renting it for positive cash-flow.Lastly, it looks like you're looking to buy for cash, essentially, when perhaps you should consider leverage - you could probably control this property for $5,000-10,000, which would provide some cashflow while building equity and enjoying tax advantages of property ownership).Thoughts, which I hope spark your creativity....best of good fortune to you.

Remember you don't have to own a property to control it.Good luckPaul

Remember you don't have to own a property to control it.Good luckPaul

Remember you don't have to own a property to control it.Good luckPaul

It is nice to have so many people in and around Rochester that I can look to for guidance.Dave, to answer your question I am interested in gaining access to the MLS, and I want to have more control over my deals when I start buying listed properties.

Think of it as a person with assets that you are assigned to control.