he said back to her, "youre the one who would rather foreclose and take a much much larger loss on the house then to pay me for my efforts."

That matters because a second note investor would want to be sure there was enough room for him or her to get paid if there was a foreclosure.Are you experienced with this sort of project?

Me, I like to own for 10 years, and work to sell the property to a tenant, sort of a lease to own, and then move on to new properties.But storm clouds are on the horizon.

I wanted to see if anyone had any advice on this sort of situation.

The house has major structural issue (sadly) and will require major capital to fix. on a side note. the property is involved in some sort of fraud lawsuit!

I prefer SFR/SFH just because these tend to attract a better sort of client.

Maybe the living, room, den, and dining room are all a little larger.

Money has tightened up, but it wouldn't hurt to ask your banker if they will still make that sort of loan.

You'll need some sort of agreement for the bank to release information to you or else they won't talk to you.

Your lawyer is going to be critical in sorting this out for you.