I am not sure how I could ever get this too work out with this structure.

I would think you could then work out a deal in 3 or 4 years where you either buy it from her as a rental or find a way to rent it out together, LLC or something.

They don't work out for you.

I also identified some quirks in my mail merge that I need to work out.1/2/13 - Very light day.

Jasmine you need to get the basics down.Lender is usually just holding paper and not on title for the property unless they foreclose or do a DIL and take the property back.A property can have many mortgages by different lenders on it.Usually the senior lender in the first order of recording has senior position unless they grant a junior lender a superior position above them in a default workout but it rarely happens.

You then upload the pictures to the firm who will work out the numbers and depreciable amounts.

Since he is still the owner of record, could he try to work out a deal with the bank and sell it as a short sale?

I work out of a house and use a post office box, I have no business cards, I use freedom voice for my 800# and fax, and my website is just another useless expenses I put up with every month in hopes of one day selling the domain for a profit.

I want to give them a "rental agreement" like a weekly rental facility, rooming house, or hotel/motel would give instead of a "lease" to avoid a long drawn-out eviction if things don't work out.

Have them close the new deal while you work out arbitration with the previous buyer (which you probably will win).