This would leave you with around 10k in cash after closing and paying off your existing loan!

That should leave me with all my money back and a property that cashflows at $149.00.  

My primary concern is that we are not handing large sums of cash to someone who, despite great referrals, runs abroad with our money. 

I rent my basement And I did signed a year contract but my tenant keeps bringing people over to spend more than one night, leaves garages open, leave front door unlocked when she leaves the house. can I break a lease without getting a lawsuit ?

And as far as REOs are concerned, there are not many foreclosures or short sales left around here at the moment.

I have read a few posts on other sites that leave me wondering about vacay rental agreements.

After explaining to her the situation and requesting she sign an authorization to release information form, she told me she did not care if the bank took the house and told me to leave.

If it has YUGE capital gains have him leave it to you in his will.

I was asked about the issues with my credit and our compliance department waived any concerns.

Leave enough room for all of those incidentals/ unforeseen issues to be taken care of in your calculations.