Which brings me to my next question.

Maybe very unlikely to happen but always expect it could.The best situation is when the buyer can bring cash or get a loan but they just do not have enough.

This brings up a very important point that can mean the difference between success and failure.

In the end, I had to bring in my own specialist at my own expense as a 2nd opinion to convince them to pony up.

They are required to put down a security deposit and I am getting better rent then what the area would normally bring in.

Why is anyone going to give you $10K for bringing this deal to them?

Should I at least bring it to thier attention?

I am not going to sell thuis house as it will bring in 2400 a month when done, so what is my best option.

Mike would have a 'zero' net income and then he would get depreciation expense to bring him to a loss that would be able to take on his tax return (maybe).

Their credit is usually shot by that point anyway and unless you go at them with a way for them to keep their HOME, what incentive do they have to hand over their equity and their memories to someone who obviously will benefit from their misfortune?