@Matt Hurley I need to find out how much if he wants a down payment on the property and see if I can come up with that, and if I can perhaps I can get him to work principle only payments to prevent him from having to claim them on his taxes, and then if he wants to renegotiate in the future and as a interest perhaps I can do something a little more affordable such as 4% I’ll do my due diligence as well as finding out the rent laws I’m going to try to talk to a real estate lawyer as well.

The next aspect is claims.

I have also been lucky enough to have been working with a real estate firm here in DFW that focuses primarily on due diligence of Freddie Mac multifamily securitizations for B-Piece buyers, so I've been able to hone my multifamily due diligence and underwriting skills in this field for the past 2 years on top of our self-education.At this time, we're focused on acquiring a duplex/triplex in the DFW metroplex (focused in the Irving/Las Colinas, Coppell, Carrollton/Farmers Branch, Richardson and Trinity Groves/Medical District areas in Dallas, as well as some of the surrounding submarkets on a deal-by-deal basis), with the plan to house-hack.

The scam artist may convince the homeowner to sign the property over to him or her, claiming that only he or she can get a loan to save the home.

I would not file an insurance claim for that amount; but I would get the "dude's" name and address and let him know that he will be paying for the damage. 

Sellers who want to do quit claims most likely have issues that will show up. 

I will say I claim to actually give a crap about people.

Either way he is an older retired medical professional with a home in Pittsburgh, Pa while he lives in McDonough, Ga. 

The schools look great, low crime, plenty of businesses nearby and it has large medical facilities.  

So much for liberals' claim of compassion...Do you know that my own family is suffering because their incompetence and the State's unwillingness to give Contitutionally guaranteed due process?