And, even if he doesn't take title, if it's a private sale (not an REO), you may still have this issue (though title transfers through REO sales are exempted by FHA).All that said, there are a few underwriters out there who will underwrite these types of deals, even for FHA purchases, but they are few and far between.

I have worked for this private investor for the last 7 years.

And God forbid you get a problem tenant that does extensive damage.* If more opportunities present themselves in the near future, you will not be able to capture them as completely (or not at all), because you'll have this house tied up with a tenant in a lease.* A $200K house is not an ideal rental.

There should be a reasonable time, time being of the essence, to cure any title issue and provide for the extension of the contract period as necessary in order to provide merchantable title at Seller's expense.

I've got to give him a shout out for finding Private Money.

Developing lots will require extensive network connections and capital to make it work.

Its across the street from a small private school that is buying houses all around it.

I've resorted to using the release method of wholesaling, but of course that works best with private sellers and doesn't work at all with REO's.

Look for a Hard Money/private note for 10k on a 12 month term.

The airport was completely renovated and upgraded to allow for larger private jets.