And that's another thing to consider...the CDN $ relative to the US is much weaker than it's been in a very long time, although recently it has improved (for CDNs) slightly.  

It doesnt matter what you paid for the house , ALL the improvements were done by THE LOWEST BIDDER .  

I'm sorry that life has thrown you these curve balls right now and I'm glad you're here looking to make an improvement on it. 

I was just trying to figure out which ones have the best chances of going to a third party versus being taken back by the bank.

I understand - - lived in Cupertino and chased several deals in Sacro.My point is NEVER be the best/highest value on the block - - you improve everyone except yourself and you starve on the vine!

You don't want to end up paying off taxes and improving the place, just to find that the previous owner comes back and redeems it.

I have taken the 40H class and looking to sign up for the test for the purpose of; making extra $ in RE --- getting closer to my market --- overall improvement of investing.  

Patti you would need to look at your risk exposure.Typically sale leasebacks are much longer than 8 years.With a mom and pop tenant  you would put 35 to 40% down as the likelihood of failure is high versus a corporate guarantee from a national chain.

You don't need to wear a $5,000 suit to impress someone, but a $200 clean suit that's tailored to you still goes a long way versus someone in pajamas.My 2 cents is look at your own needs first.

Also, a lot of improvements and value could be added to increase the net cash flow.Anyways, we offered $350,000, they countered at $375,000 and purchase in "as is" condition.