(I'm not a member, but did listen to that particular podcast and was impressed with the detail that was included.)

The renting part is what's causing me more concern & nerves than anything.I have some more details but I don't want to go overboard - this is my first post.

Sure would be nice to have a clear cut answer to that, but there is not.There are too many variables involved, remaing term, credit, seasoning and proven payment history, collateral, loan to value, property condition and the details of the contract including the security assignement and foreclsoure process.Best to get bids, and look in your area for other investors, including those who buy RE, your best deal might well be from a local individual looking for a good investment.

PM me, and I can give you the details.

I also found sites such as propertyshark and homeinfomax that also provide details.

I think the reason he tried to force me to sign the exclusive contract (he represents me) is to get the whole commission, which means he didn't communicate to the sellers that they can share the commission. ...So, the problem with your thinking here is that you don't know the details of the listing agreement that the seller signed with this listing agent.

It is really important to learn the jargon, the contract details, and the ins and outs of real estate transactions from someone who has experience.

Anyway here are the details....Lot purchased in 1974.

I've had a ton on my mind lately and I forgot the details of our initial conversation in the weeks since it took place.

Thank you David Beard I read you very detailed response and I am formulating a plan to execute.