That means that cash purchase money lender in the second will be paying me off if stuff hits the fan or he stands to lose his collateral, assuming the first goes to foreclosure.

I am a stand still in how I want to take the next step.

The original "deal" was between you (personally) and the lender, and that still stands.

Location, condition, you want a property that is comparable to most other properties in the market, but having some uniqueness to it can be a plus, but not so unique that it stands all by itself as an odd ball property.

@Gita Faust, I'm still deciding on the best option and what will work for us but no specific reason that stands out.

Long story short, neighbors yard is lower than mine and he has been complaining about standing water after torrential downpours.

I hope to go see it today and see how well it stands.

I am pretty confident that they will fund what you are seeking.To get around the local business address issue are you registered in the State of Indiana as a foreign limited liability company doing business in good standing?

From a financial stand point this is a good choice too!

If they still fill out an application with too little income, it gets rejected.If they don't stand there and fill out an application, the odds of ever seeing them again are very slim.