Don't assume the worst unless you have some indication that he would be that kind of person.

A tenant can walk away at the end of a lease in short order, the obligation created is minimal.

@Julia Blythe The learning curve on the HGTV software was very minimal.

This allows you to strategize for maximum gain (and minimal tax liability).You can do lots of research, but the variables are huge and the possibilities pretty wide open.

Oh, and it is in GREAT condition, requires very minimal cosmetic work.

No indication that BOA has taken any action, tho and house has been sitting there for 3 years .

If you have a charge off from the past, the affects are minimized the further into the future you go from the date of the last reporting to the agency.

More simply, can anyone comment on creative ways to minimize initial out-of-pocket cash by using a combination of a non-conventional loan and a HELOC or other?

Minimize utility Expenses: ( at least separate electric , Water if possible).Separate Heat etc. is desirable.

I was also told in a recent training (Justin Wilmot's 10hr wholesaler) that a double close allows an individual to take more control of a property closing in a given situation, minimizing variables of risk.In most cases, i could possibly do this, given that it involves getting a temporary equity loan to purchase to home then resell it to the buyer.I'll have to investigate this option a bit further.