Well long story short in the last week I lost my BUTT in the market, (I know it's only a paper loss, it's a market correction, etc).

And, besides the equity stripping issues, assuming responsibility for a mortgage being called due......well...1. it delays the foreclosure process, it's illegal interference changing title, a federal matter under new foreclosure rescue laws; and2. your failing to pay off the note as agreed in a Sub-To opens you up for the seller to sue you later on; and3. it also opens you to a law suit from the tenant from two angles, one, you lost their leased home and two, you failed sell to them as agreed.4. then there is the predatory lending/dealing suggested to make sure you sell to the tenant above the market value; and5. if your sale to the tenant involves wrapping the sub-to debt, now you're in violation of Dodd-Frank!

Even if lost in mail, your certied copy of recorded doc will suffice to resell.In His time, not yours.

What you are risking by waiting for better opportunities (if you are buying), is that the stock market decline doesn't happen and you have lost time, the possible upside is that there might be more and better deals available.

There were a few that came by that required extensive repairs and some where I got into a bidding war for a property the day it came on the MLS and lost (twice).

I lost $100 k on my first flip back in 2003/2004 and so making a decent profit is definitely awesome.

Tenants are pretty good but she lost her job and now moving out 4 months into a 1 year lease.All drains worked fine when moving in.

I suppose I'm also looking for reassurance that the lost summer fun of 2015 will be worth it in the long run.

Because the loss of use coverage doesn't cover lost rent while renovating or vacancy between tenants.

I have only sold 6 homes this year while I have lost probably close to 15 because of people backing out or financial issues that were not initially seen when interviewing them.