Not sure how motivating that guru course was, hope it didn't cost much....I think you said you didn't have money, if I'm wrong we could go on, if you ahve liquid assets to cover any valid creative financing exposure, otherwise I'd suggest you look for something you can spin into a deal.

I'm a bit confused why not as a general warranty deed.

Your point is well taken and valid.

Never use a QCD when buying, use a Special Warranty Deed and have the seller exclude those issues he does not to warrant.

Just wanted to point out that Jeff makes a very valid point as to the perception of where the money is coming from.

Using 50 percent rule which is very valid for a low income rental, that doesn't leave a whole lot per month.

Buy new and have a warranty.

For instance you may be taking over warranties and guarantees.

Hence, a lease executed before a property becomes an REO or sold to a third party at sale is a valid, per the act.You'll be seeing more of this in the future, as indeed, IMO, lots of leases will be executed prior to "notice of foreclosure".

If other homes comparable to yours have sold in the recent past then market your home for a similar price, perhaps make some cosmetic tweaks, and perhaps a 30 day warranty on certain items to move it even quicker.