Can you motivate them by suggesting to go through a short sale before they default on the property?

We lived in New Jersey for a short while, same story, we get water from local wells and my wife only drinks bottled water.

In addition to what Wayne said the seller will have to pay imputed interest gain and will make almost or maybe ZERO cash flow if he takes this to an accountant .. or anyone who knows anything about these seller carry backs your going to have push back I suspect unless your paying WAY over market.I have sold a lot of my OREO over the years with ZERO % owner carry but always set them up short term.. 30 months 40 months that sort of thing ..

The young preacher figured he missed the burial and felt obligated to still say a few words along with a short prayer. 

@Nathan Platter Short answer - no. 

I’m looking for a short term line of credit on a 4 unit investment property in Chicago.

I am in the process of renewing my real estate licensing and have been short sale negotiator in the past.I hope I can learn alot from this forum.

Do the math again (make sure to shop around for a bank with lower fees) and see if there is a solution to increases the value of it in a short time, so you can refinance it later after get a new appraisal after  rehabe....No deal is batter than a bad deal which will stress you out and not worthy of the time and $.  

Then take next best highest and use tenant and figure out rent per sq ft they could pay.You could possibly sell the land to an end user tenant, sell the land to a developer and make a spread, ground lease the land, or do a NN or NNN lease and construct the building.You need to analyze the tax implications of selling outright and paying higher short term gains capital tax versus developing and then converting to a new value created loan of 65 to 75% LTV.

Obviously I've got a short list from Google, but wondering if anyone has suggestions for standard cleanings and tune-ups?