Once you have the ability to evict you are now in total control of the situation.One other approach I add to this mix and I believe it makes the difference... start as long as the tenant is behind start a routine inspection schedule for the property.

So be encouraged and diligent and it will work out.

I work out an agreement with investor X where he agrees to do this and then hold the properties for up to 2 years.

Not to mention those events where you pay $10K to enter, and then get unlucky, and get knocked out in about 5 minutes (luckily it's only happened to me once, but I know a lot of well-known pros that routinely don't make it more than an hour into a $10,000 event because they take a lot of chances).

Some banks are starting to implement this workout.

I was in the loooong process of buying my own house but it just didnt work out for me.

the note holder was a widow..her husband was the investor and it was her last note..she was well off and just didn't had the energy for it..just developed a rapport and she told me "you remind me of my husband when he was young"..funny story..she had me call her accountant to work out the details and that guy has referred me 2 short sales!

ok..this question is for the full time wholesalers out there. can you guys share if you have a daily checklist of some sort..or maybe a weekly routine?

How often do your tenants actually work out in a lease/purchase?

They must be offered the workout first and qualify for the 31% ratio.