I'm pretty reserved myself, so this is a huge adjustment for me.

The market needs to be $500+ but a $500 mortgage payment goes a long way in this area.I don't mean to be evasive....The reason why I'm unsure of some of these numbers is he initially had a 12 House Package but I threw out 4. 2 he has for sale and I'm not paying retail and the other 2 were in smaller towns worth virtually nothing so I'm trying to adjust with those out of the picture.

With the feds forcing banks to adjust mortgages down to what the borrower can pay, what is the chance of running into trouble by selling on an "owner carry"?

(If the vacancy in your area is higher than 10%, I would adjust the expenses higher than 50%.)That will give you the stabilized NOI.

The good thing is that I already know what an end buyer would buy this home for and I can adjust my offer to be lower than that but not too low for them to close the file for insufficient offer.

Leve the principal amount in place as secured, modify payments to market value, place overage in non-accrual, adjust loan loss reserves only to the non-accrual, re-appraise in three years, adjust payments to market and continue to do so over the life of the loan until the non-accrual is worked off, borrower must quailify for increase.

Then apply the 10% max to the adjusted purchase price to see the most that he would qualify for if he is otherwise qualified.

I try to sell you my house again for $750k (adjusted for inflation).

The other day a tenant called and asked him to adjust her blinds, and he rushed over and did it!

A bank will typically charge you $100/day on a REO, so you would have a $1200 charge at closing for this delay.If the seller prior to this time delayed getting you info that your lender was wanting, you should have requested the closing be adjusted at that time.