In those 5 years, Subway has the right to use the space to produce revenue and profits.  

She filed something(sorry can't remember name) and still hasn't left premises.

Guys & Gals:  ANYONE producing seminars always has something to sell before you leave. 

The decision will be based upon your personal situation and your opportunity cost (i.e. to you have a better use for the amount of funds needed to bring your down payment from 10% to 20% that will produce a better {after tax} return than avoiding the mortgage insurance).If you are purchasing the property as a rental, then your mortgage interest is a business expense and it may make sense to take the high ratio mortgage (10% downpayment) provided the property still cash flows with the extra leverage.If you do elect to go with the 10% downpayment and plan to purchase two properties, discuss this with your mortgage broker / lender first to make certain you will be able to have two high-ratio mortgages.  

@David Dey I really like how you breakdown every aspect pertaining to those public files,and how you could filter the most serious and active cash buyers.

What are the buying options for someone in CH13 BK filing?

My husband worries about the property value of our primary residence being affected by the continued decay of the distressed property next door, but after my quick study of the BP site and forums, I'm more worried about investing in a property that won't produce good cash flow, especially for our first buy-and-hold. 

If you are transferring property into your LLC all that is required is a Deed which will cost about $20 to file with your county.

Though it may seem premature- file for an LLC and get started on a website, even if it is just a placeholder for now.

We did have a contract, but all the tenant files were at the office 2 hours away, so if something went south he could get to them before me and then I would almost be in the exact same situation.