We're converting a ministry owned duplex to house four men (for now, could go up to 6 if things work out) in the three bedroom upstairs half.

I have black irrigation line sitting in full intense sun and it is 6 years old and still works perfectly, but i would prorate the cost to repair if my tenants damaged it.However, many handymen and plumbers charge a minimum 2 hour service charge.

Most won't drive you around town looking and buy your lunch like an agent will either.Some commercial brokers will work out something with another agent if they have a good buyer, but many will not, if they are to be paid, the buyer will pay that agent.

In GA we have many failed banks but you do not in Texas.I just checked and their were only 8 properties showing for Texas.You would do better to call local banks directly in your state for defaulted properties on their books.Get a signed NDNC from your buyer to protect yourself legally.Many of the nice properties the banks would rather do a workout with the owners than take a big haircut today.So I get the calls everyday too from groups chasing a pipe dream for very little inventory.

So you need time, otherwise there some better deals on the way or present.Look at this actual deal and look also for other deals and it will work out in the end.

You could certainly work out the terms so that you feel reasonably comfortable that the business makes sense and that you get a good return when the business succeeds.Selecting the potential candidates might be quite challenging, but I think you would be up to the challenge.

You can do this by looking up the probate(and possibly the will) information at your county clerk's office.Once you obtain this information all you need to do is get a hold of the the individual who inherited the property and try to work out a deal.

Either the owner is contesting the foreclosure and the loan is tied up in litigation of some sort, or they are working with the bank and the bank has decided to push the foreclosure back to give more time to work out the loan.

At the end of 45 days the borrower asks for an 45 day extension to come up with your workout plan, usually automatically granted by the bankruptcy court.

But it was fun and a good work out at the same time.