Amber,Your whole post is irrelevant because you are saying THE SELLER is telling you what the bank said.If you believe the seller is relaying all correct info from the lender you are headed for a disaster.Get the ATR (authorization to release info form) signed by the seller and give ALL LIEN HOLDERS on title a copy.Now you have the ability to talk to the lender or servicer directly and get 100% of the information you need.

You can also refi the whole thing in 2016.Thoughts?

My mom has never met her real father but has been looking for him her whole life, eventually she was able to relay a message to one of his ex wife's and asked her to pass the message along.

However, he is aware he may lose money on this investment, but he feels he is improving the neighborhood as a whole by adding the special touches.

The "Whole Earth Catalog" was an education in itself about what was out there in the world.

Just that you have set a time constraint so whe matters to your statement What matters with an investment is whether you make money...There are folks who buy and have a negative cash flow for the whole holding time.

The idea is the state will be made whole after the older person sells.

The realtor normally doesn't understand and tends to complicate the whole process if they know what's going on.You and your buyer have no requirements to list with any realtor.

Get the wow factor but understand that certain things will not raise the rent you can achieve.

Houses simply are not moving and those that do sell, sit on the market a LONG time.Mike, I think you are assuming that the whole of the US looks like what you see when you drive around.In many parts of the country people are still making money flipping properties.