They will require him to sign a promissory note and maybe require it to be secured by ALL of those other properties for the difference between the short sale amount and the balance.Well, at least that is what they would likely do in saner days.

This would eliminate your ability to retain the security.

Heard of Security Real Estate Services (aka Fairfield)...but before you approach them, do read about what they were alleged to have done in the Le Jardin development...

Most likely gold coins and secure them where I had ready access no matter what happens.

Instead, I use title companies where they send me public filing information by e-mail.

As the entity grows, your intent is to market that investment as a product to where investors could receive fixed and secured returns.

From the ones I have been watching (all public record) it seems the lender average to take possession is about 9-10 months from the first date of delinquency.

Social security, medicare, medicaid, Section 8, welfare, food stamps, etc, etc, etc.

Furthermore...if they aren't paying rent then they are probably owing money all over town...their reputation is shot anyways.Would a public eviction damage their reputation?

I don't think there are too many vending machines that would stand up to 3 hodlums, and axe and a night to spare.I would say concentrate on your security systems first.