Another thought is to sell it with seller financing and collect the down plus interest.

My question for is are you saying before i get into lease options i get my sales license and collect my assignment fee and once i have the license, to stick through the process of land lording a tenant myself? 

I am looking for phone scripts to use when contacting property owners delinquent on their mortgage notes (2nds). 

I know that I have to wait until I get the deed to prove ownership but that can take up to 30 more days and I'd like to start the conversation now and i'm not attempting to collect any rent.  

These are really hard to collect on and they can can only take money that the LLC distributes to the owners.  

Assuming he already collected the insurance payout, how would this hurt him on taxes? 

I usually collect my rent weekly and due on Sun.

Looked in to tax liens awhile ago after reading the 16 percent solution but did not find anything quality to invest in as they were unbuildable lots and I found 16 percent was not factoring in lawyer fees which was at times more than the actual interest collected.

How could that extensive renovation cost only $30,000?   

Last seller purchased for $389,000 and had to do extensive excavations/renovations to waterproof the basement/added tank, added commercial gutters, waterproofing membrane, etc.