Thanks for the help, it was amazing how much more you can find searching for the proper word :mrgreen:

Should you have a buyer/investor already lined up prior to securing a contract to ensure that the property gets re-assigned?

Of course that may be a bigger nightmare than I'm willing to take on, considering the zoning and planning and fire resuscitation avenues I probably have not properly considered.I'm still debating what I would offer this guy, and whether I should do it at all.

You might also be incurring some type of liability by not doing something properly or by not giving proper disclosure.Being a successful investor requires a combination of many aspects of skill and knowledge.

If you can't run a business properly, it's best not to start it in the first place.

And give us a brief summary of the book (I have a need to pick up a book and want first hand input), I know I should go to the proper forum but hey you mentioned you were going to get a book and I thought why not!

Or,In the event A defaults on the loan the Trustee will (after the proper notices) conduct a Trustee's Sale (that's what foreclosures are called in Trust Deed states.So I'm not sure how you could (using the correct meanings of the words) have a "warranty deed to trustee".I'm not familiar with the term "land trust deed".

For those who do not meet the requirements for a business commercial account E-Renter USA Ltd. has developed a patent pending process that will still allow you to check your prospective tenant’s credit and to ensure that your standards are met.

Keep working hard and find a deal that you KNOW will cash flow properly.

Might be easier to receive proper advice based on your experience level with different aspects of real estate.