Your family member would have to agree to do a short sale, which may trigger it being counted as income by the IRS.You could just do a signature loan or promissory note that isn't recorded post closing.

I'm doing all my due dillegence on this property but I just can't dismiss that feeling that something is fishy with this deal.The two other houses I bought this year I did so without hesitation so I don't really have a problem "pulling the trigger" on a deal.

This part is just simply too loaded and if I pull the trigger I'm afraid I could get banned from the site.

The property either is pending (most MLS mark it pending and that triggers the removal from certain other websites), or it was taken off the market (if it was REO, they might have found a title issue for example).

A multi-family is easily inspected and check for compliance in that area with applicable codes.

Besides closing costs and whatever it costs you to actually determine if you want to pull the trigger, why do you have buying costs so high?

Mike, I will say this..IMHO, if you don't clearly understand the "Financial Information and Expense Information", I am not sure how ready you are to pull the trigger.

Either way congrats on pulling the trigger.

Pull the trigger.

How long did you study and analyze before you "pulled the trigger?"