Once the property is owned by the bank though, the amount owed on the note is not the primary motivator for selling the property.

I recently came across the BP platform and have been soaking up as much information as I can.

@Drew PoniewazAs George indicated, location is generally not the primary deciding factor when selecting a provider for a self-directed IRA or 401k based retirement plan.This is a very specialty field, with a handful of providers.There are about 3-4 dozen companies that act as custodians, basically processing the investments you direct them to execute on behalf of your IRA account. 

Used them for my new primary.

Plan for 30-40% of the deal size.Next, the primary lender is likely to disallow subordinate debt.  

@David FreyWhen i was in the military (retired in 1990), my first four rental properties were initially my primary residence. 

Our contract has a due diligence clause in it, so we can still back out if anything huge comes up.Current Home Info: 1970 sqft, 15 year mortgage (about 13.5 years left) at 3.375%, monthly payment of $1,241 (will go up a couple hundred due to SC taxes raising for non-primary residencies). 

Their only problem is that there platform is a bit outdated but you can also list your property at a much higher price on their platform and get reservations.

The primary residence has already been fixed up and put on the market.Here is where we need help.

@Nick Mauldin : You simply ask for a T12 (YTD for 2017), Current rent roll, and a PNL for 2016 and 2015 (schedule E will suffice.)If this is a deal you sourced yourself by calling the primary, then they may be a little cagey about providing ALL of the above, but will often provide some of it.