Have not seen it in person.4 Bed/ 2 Bath - Single Family 2 story HomeBank Asking: $90,000ARV: I came up with an ARV of $222,000, but I put it as $180,000 in the Calculator, I am being very conservative.70% Rule: $180,000x0.7 = $126,000Repairs: $40,000Purchase Price: $86,000Holding Cost Per Month: $735.33Closing Cost: $3,000Total Days Held: 120 DaysTotal Projected Pre-Tax Profit = $36,000.55ROI = 56.83%Total Cost of Project = $129,000Total Monthly Expenses = $735.33 (Includes Mortgage Payment)Down Payment = 20% = $17,000 @ a 3.8 Interest Rate for 30 yrs.This is what I have, not sure if you need anything else.

Because of this I am very conservative with my money and what I do in life.So please keep all that in mind...here are my options I'm looking at (all options include me paying my car off, paying cash to completely furnish the house, and having an emergency fund left over):Option1: I buy a house (single family or house hack with a multifamily) as if I were going to use it as an investment property (make money going in, positive cashflow, 20-25% down, etc.).

IE- you may have a hard time finding the bank to actually offer to, and when you do, depending on that bank, they may forward you to their REO broker working on their behalf.2-Assignment of the Mortgage- again, just because it says Bank of America, it could have been sold to a 3rd party, whether it be a private equity firm, small investor, or another bank, and that assignment may not yet have been recorded. 

The evaluation of the asset that is pledged can vary according to each of the parties involved.  

Lets just say I am VERY tempted to charge a $50 fee per person JUST to get interested only parties!

All third party money will have strings attached to it so really it isn't cash but a loan plain and simple.

There is no issue with giving a past owner an option to repurchase that I'm aware of in our area, a lease-option cam have a different flavor, so check with a local attorney.The option could be made with a third party who in turn agrees to sell back to the original owner, I think adding a buffer or strawman would clog any path back to you if you're not a party to that end transaction, you'd be letting someone to act as a wholesaler or buyer/flipper.

A "Short Sale" is 'selling' the property, a new party takes title, and the Mortgagee taking less than what is due.  

It provided a level of comfort for all parties.  

Totally forgot about the title/attorney part.  I