You can put far more aggressive pay downs using options, plus it will not trigger a due on sale and if you decide running 44 houses is not for you, it is a lot easier to unwind.

Again, you stated "double clsoe" which would mean 2 stand alone transactions and not a "simultaneous close using dry funds.

That thing has been sucking us dry in negative cashflow every month.

You might regret dumping the condo in exchange or a small loan.If maybe you had a job lined up in Jersey it would make sense to pull the trigger now.

Can he/she foreclose, with the note controlling the circumstances when they can pull the trigger?

I am incorporated and have been in the proverbial “get your learn on wood shed†for two years now waiting to pull the trigger!

I say "most" cases because I have heard of some Title companies that allow a "dry" closing where the B (wholesaler) does not bring any money to the table and the A to B side is closed with funds from the C buyer.

We would all like to have the approval letters say "we waive our rights to pursue a deficiency judgment", but it is not always this cut and dry. 4.

It took us a while before we would pull the trigger and send out that first offer, but it is definitely worth the effort.

I've heard of "Dry Closings" where the funds from the bank were not wired to the title company, but these were instances where the lender was a time zone or two west of the closing, and the closing was scheduled too early in the morning.