What's more, these contracts were never recorded before or during the foreclosure process, and the homeowner was actually in default on the first mortgage when they entered into these agreements.

Be extremely cautious when processing your next applicant, this one seemed doomed from the start.

I have actually been thinkin about cutting losses honestly, I am not sure this is the best investment I could have made as my first but worried about how much of a loss I would have to take.It is meant for S8 for sure, I would have a stringent application process, and give the neighborhood a C from my research.I invested there because it was the first deal that basically fell on my lap where the mentor works with agents that Seller Finance deals, it was only $3k down and had thought the proximity to St.Louis would be attractive to tenants also.I effed up on waiting to post for rent until after all repairs and the COO for sure.  

Either way if the balance is 140k, without going through the short sale process (which will take a few months) no one can assure you of any approved sale price.

What process reduces the payoff by 12 years?  

That said, we understand that insurance details can sometimes be complex or overlooked during the decision-making process.

I have actually done this and can say that it is a pretty complex process with many rules.

I think this may be a built in functionality of the Turno app, but I don't use Turno and my cleaners don't seem to offer that as part of their standard process.

Insurance- need a broker.PM- farm out or you better be good at process management. 

The problem with that is he doesn't allow people to ask questions about parts of the process down the road.