@Chris McDaniel  depends how much money you have it could be a small risk and if you lose 10 or 15 K when a bank fubars you so what.. just the cost of doing business.although really what is this guy saving if they are low value assets he is only saving what 30 to 90 days at most of interest carry tax and insurance that s what 2 to 3k maybe.

You would need to be able to prove that the property was in good condition when the tenant moved in and that the damages were the result of excessive wear and tear by the tenant.  

I'm always looking for wholesale deals and at times I also have excess inventory that I sell  let me know how I can helpTim [email protected]

It doesn't look like you will be able to refinance in the near future so the scenario may look like this:  (Lose-Lose, his name is on a loan for a property that he doesn't have the deed to and you are morally and financially responsible for a property that may not be cash flowing very well). 

Not that I would do that as I would be losing gains on my money in my 401k.  

The biggest fear is that taking action will lose money and possibly your credit standing. 

Historically hotel restaurants lose money in this space.  

I always worry on running out of cash on a  rehab and losing months of rent before i can do them.

PropA rented for what I paid in mortgage, so I am losing $79 due to HOA dues.

So the people in the house decide they don't want to buy the house now but don't want to lose their option money.