@Neddie Smith I was in a similar situation with a partner of mine (technically, my partner's pension fund) and we discussed this with a very experienced and competent attorney several times. 

I would be careful if you are not experienced in flipping because holding costs on a property of that price point could be pretty significant.

@Dee W. and @Yuriy SkripnichenkoI'm shopping for a business LOC as well and would appreciate any bank/lending suggestions outside of the typical online ones that I usually see ie Kabbage. 

Any short sale experienced investors in Bakersfield interested in speaking about this deal ?

Get un-stuck by finding the experienced investors in your local market that have money and partner with one of them to do the deal!

This is Allegheny County, If you know the county court and county property records-keeping systems, you can crawl so far up into people's private business using the online records system that you're ashamed of how much you know about them.Our tenants also typically come from the health-care industry, our area's largest employer.

It's not the most widespread way to sell a house, but there are tax advantages to those who would prefer them and don't need the money, there's contract for deed options for those purchasing low cost homes, there's people like myself who would like to purchase a property, rehab and sell it on seller financing...I think it's more accurate to say that there are newbies who hear about all these creative financing methods and think it's their way in when in most cases they are best reserved for more experienced investors.

I don't have time and not too experienced either. 

He is pretty experienced investor with 10+ years of experience.

I explained I ORDERED ONLINE AND THERE WAS NO QUESTION ABOUT THAT!