Right after the closing get an insurance policy that will protect you if there is a loss.I am 59 years old now and I found BP about 11 months ago and I am still trying to decide what to do while I medically recover.  

It's all about the minimum cash on cash you are seeking with the debt when you lock in the interest rate and amortization schedule.For STNL most categories are pharmacy, banks, dollar stores, auto stores, restaurants, medical.

Thanks for your help @Brett Goldsmith and @Ryan LeeOfcourse there is a twist - the current short sellers (current occupants) want to stay on and rent the place for 3 months due to medical issues and pay below market rent. would love everyones thoughts on how to approach this.

When you have any life event, death, divorce, illness, bankruptcy, partnership issues, business failure, foreclosure or in the event someone's assets must be evaluated, such as for receiving government assistance with medical bills.Who looks?

A couple of other strategies1) you can do "lease to own" where you pay him a monthly fee for X years and the properties are essentially yours until the "lease" expires, where you have the option to cease or extend the lease or purchase the property for $X.

My credit is not horrible but for the big banks I have been having a hard time getting approved because I had a few medical bills go to collections.

I had my first deal ready ,but due to family medical issues I lost out on a private lending source.

unless the prospective or current tenant presented with a medical qualification for a service/therapy type dog in a 4 or more unit building if i read correctly.would u allow dogs to ruin ur newly installed (but delicate) laminate floors?

Decision forchapter 7 was mostly based on medical debt.

A medical situation has caused him to eat up his savings and go into debt, and his credit is shot so a traditional refinance is out for him.The house is zoned as single family, and the rentals are not "legal".