Bill too many factors would weigh into this.You are looking at hard money with very high carrying costs at 60% occupancy as a regular lender won't touch it.Too easy to go from 60% to 40% or lower and the new lender has a fresh foreclosure on their hands.Unless you pay cash you will need a HML or private money and will have to pay low to get it to cash flow until you can refi into a lower debt service once stabilized.Is this a local,regional,or national bank??

I am certainly not down on wholesaling, and it is certainly not dead in this market, in fact, if you know how to lock up great deals, it can be a great source of income for you.I work in higher price point market areas (southern CA) and as such, my standard wholesale fee on a regular deal is around $10k, and I have made as much as $40k on deals in the past, it all depends on what the market will bear and how good of a spread you locked up in the first place.

If they skip or break the lease which results in damages, you can file a claim in court and the resulting outcome could result in a judgment against them.

It seems that is what makes it more difficult for a wholesaler to make deals they can close regularly.

If the property has been boarded and abandoned for 3+ years, the bank that was holding the foreclosure has been busted and jailed, is it possible for the county to claim in condemned/abandoned and take possession?

The children were causing a lot of problems for me early on as they were trying to claim that the contract can be void as the basement was not finished fast enough.

In my state with a CFD, if this tenant doesn't pay their portion and you have to evict... the case will end up in superior court and not small claims court.

I loosely considered this option too, when state farm jacked my rates up by 50% when I filed no claims and no other clear cause for it.

You list for sale at say $110k, then when you sell, the end buyer is paying $110k, just like any "regular" transaction, and 70k, goes to the family (less the option fee you already paid) and the rest goes to you, as the option holder.

This paperwork (signed deed and agreement for sale, etc.) will not be for "public consumption", unless made public out of necessity.Plus, you have a creative way of making this owner financing deal become "more of a regular deal" if needed in the future!