Some people got cut out of the equation.

Verify all you want.I know your question was a mailing question however I just want to encourage you to find multiple methods of reaching people who will respond positively if you simply find a way to add to their lives.

You tried to talk her down on price, someone else was willing to offer the same thing and she knows them, so you got cut out.

The warranty is simply us standing behind our placement of this first tenant and, as us, as a Management team.

Up until that point, then lender simply has a lien on the property - and the borrower may do whatever he deems fit with the property.Once the gavel goes down - assuming 91 days + 6 months in our example, then the Bank gets what is called a Trustee's Deed or Master Commissioner's Deed - which wipes out all debt - 2nds, 3rds, etc.At that point, you are dealing with an REO (Real Estate Owned) or sometimes called OREO (Other Real Estate Owned) - and when you call the bank, you want the Special Assets Dept. - not Loss Mitigation.

BK doesn't "give" the property to the mortgagee, it simply removes personal liability for the note.

When the income is derived simply from buying and selling, especially if there is value added through the process, then that typically will be viewed as conducting a trade or business, and if done on a regular or repeated basis, would have UBIT exposure.So it is not the notes, but the buy, remedy, resell model that create the exposure.

I would simply caution to make sure you have some sort of legal partnership spelled out (LLC, LLP, etc).

I'm simply looking at overseas options.

This duplex has a positive cash flow of $400 per month from the tenants after the overhead (ie water bill, grass cutting, and mortgage).