Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

The seller originally agreed to fix the sewer and provide the tuckpointing as a credit.

If you were not purchasing with hard money, and had the option of putting it in an LLC, I would. 

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

If you want the deal to be "held" until February, yes.

There is always duds that come in but I convert 5-10% on the leads.

@Gary R UrenIf the property is zoned for only one home you most likely will not be able to do thisPossibly it could be 123 main st unit a vs b but that is a post office issue and good luck dealing with the post office on this issueI would talk to them and put to mailboxes in the front and see if they can separate it by A and B unit

Does anyone have any input on why this may not work, as it seems to not be a common thing for the banks to enforce.- I could be successful with foreclosure and end up owning the property- Since the note has reached maturity, it cannot be made to perform again by the borrower where I am stuck with it for years.

@Kristin SolbachWhat was the initial purpose of your original setup ? 

Thank you Nick for the welcome!