You can roll these contracts every 30 months with minimal transaction costs.

Minimal work to get it rent ready.

Property managers I know would be sending a late notice about now instead of acting immediately to maximize income and minimize losses.

The landlord might have paid for the fit up on behalf of a former tenant and perhaps because of their investment prefer to keep the space as a restaurant to minimize their fit up exposure in the future.

Its a risk, but a minimal one in my opinion.

You say he's willing to sell for $100K, its in good shape with minimal work, and yet the FMV is $132K.

If you can sell it for a minimal loss (after all your closing costs), I'd be done with this deal.

We're well aware there is always a risk, but I am confident that in this situation, the risk of a family problem is extremely minimal.

In my case, my HML loans 70% of the ARV, which is nice because I can get into something with minimal out of pocket.

This results in the homeowner paying anexorbitant fee for a service when [b]the homeowner could have obtainedthe remaining funds[/b] from the trustee's sale from the trustee directlyfor minimal cost if the homeowner had consulted legal counsel or hadsufficient time to receive notices from the trustee pursuant toSection 2924j regarding how and where to make a claim for excessproceeds."---------------------------------------------------3.)