The bank has already turned it over to an asset managmenet company (some little repairs are already being done on it).

It provides a good overview of RE and protecting one's assets. he discusses trusts and what they can accomplish.

I have checked and it is a boilerplate which asset management company is using nationwide including Massachusets and Hawaii.

The credit partner needs some verifiable liquid or semi-liquid assets for reserves.Although these are not needed for the deal to close, they are reviewed for verification use only (bank deposits, stocks, bonds, mutual funds, retirement accounts, cash value of insurance or other).The credit partners, if classified as “seasoned investors” can often participate in up to ten or more transactions per year.

I am not even sure what government authority would be responsible for auditing that and/or what they would do if you put that money in operating fund.

Check local craigslist ads and classifieds for you appliances, then arrange a meeting with local authorities if you find the Bastard, nail his *** to the wall.

Maybe even the agent will start calling you the minute they get they get the property from the bank before they publish the listing.The banks and asset managers have to sell through Real Estate Agents/Brokers.

Two others to look at are Asset Exchange Strategies and Guidant Financial.

Asset protection is the standard answer.

It could cost you all of your interest deduction, which may be tens of thousands of dollars.Another thought that just came up is the asset protection side of the coin in doing this.