So deal not as great but fair.

The IRS is pretty clear that you cannot rent from yourself or your spouse and I think a judge would look at the asset as clearly a liability protection scheme (aka not running as a legit business), pierce the corporate veil, and not provide you any protection.It's fun to start LLCs, but it's also expensive and time consuming to maintain properly (separate accounts, K-1s, 1099s, accountants...) just to provide liability insurance.

Currently, I am working on projects in the neighborhood, which is how I learned of your property.Please call me at (XXX) XXX-XXXX, so I can tell you how we can buy your property quickly, with no hassles, and most importantly, at a fair price.

Most loan mods are going to be fairly small, like the 11% down to 8% you mention.

If you offer a fee, how much do you think is fair and competitive?

I am fairly certain that the builders would let them go for fairly cheap, but there definitely could be some liens on the property.

Furthermore, are you really going to make the argument that the fair market rent of a particular residential property is dictated by that particular property's monthly mortgage payment?

. * I would go to 50% ARV on Rehabs.Ideal CandidateStrong income, Strong Credit, Strong Financial AssetsHands OffIf you have money as collateral in a Commercial bank......They will work with you.They will loan 80% of appraisalIt would be helpful if the bank would refinance these loans once the repairs are completed.Also, it would be helpful if lease options were structured as Fair Market Rent plus more as an option payment.Example:Market Rent = $1000 pmOffer $950 pm plus $200 pm as option payment (subtracted from future purchase price)Future purchase price can be tied to a future appraisal OR a set figure, whichever is higher.Ideal location of homes for tenant buyers - STRONG EMPLOYERS in the area that are recession proof.Consider not giving an option to purchase, but a Contract for Option to Purchase.

If the cupboard was a stock size you could've easily replaced it fairly cheaply.

FL also got very overbuilt, with a lot of the properties behind hocked off on fairly naive investors who got caught up in the bubble.