Through friend that know that I am in the rental business, negotiation focused on making sure that there are no surprises, like large outstanding bills, lawsuit, legal problem, due to foreclosed condition.

I’m looking for a real estate attorney in Columbus who can give us some more information about the legality of assigning a contract.

Their debt to income ratio is making a conventional loan option difficult for them.

I mean positive cash flow is what results after paying all expenses plus debt service. 

This option would use the bank to subsidize my risk, but it could be a legal nightmare if something should go wrong.

The investment in the Qualified Opportunity Fund must be an equity interest (including preferred stock and special partnership allocation), but not debt.4.

You also know she's smoking in the unit (doesn't matter if it's a legal substance or not; smoking shouldn't be allowed indoors). 

This kind of paper used to trade for 5 cents back when I was in the debt buying space.

I don’t know your debt load, but I’d imagine that you’d need a 60-70k income.

Typically, second mortgage lien holder will foreclosures when the sale proceeds will cover both mortgage debts.