You would essentially be buying the home for $20k including the obligation to settle all liens outstanding which cloud the title.

My main worry is; is school a essential?

Would you consider college to be essential when going into a field such as real estate?

Would you consider college to be essential when going into a field such as real estate?

I am thinking about an agreement that the renter/lessor agrees to accept responsibility for the safety of themselves, family, guest, and anyone else that they cause to be on the property.

Essentially they have already take the loss for the full amount they were owed, and now they're trying to get some of it back.

The equity of redemption essentially is the right of the borrower to redeem the debt which is being foreclosed upon.

Not that I depend on this, but it's another nice safety net -- but insurance on the house/my stuff is my main safeguard.I let complete strangers who I thoroughly check.

I have a clause in my year-long leases that they can end a lease early by paying an extra month's rent (essentially taking their security deposit).

So, the standard answer is no.However, the IRS did issue two Private Letter Rulings in 2002 and 2003 that essentially did allow the taxpayer to 1031 Exchange into property they already owned.