The minor structural issues has been recently fixed.

Look for methods of finding private money lenders.It sounds like you haven't read enough real estate investing books yet.

But regardless I can see your point that a deal must make sense regardless of the investing method.

But why are we not suggesting you also check out the other forums here on BP on creative methods you could use to make extra money selling the home.

In an ideal world, you would want all your investors to be accredited and sophisticated and that should allow you to get the securities stuff done for less than $15K.One possible structure for this would be an LLLP or, depending on your state, an LLC.

How do you structure this to make both parties happy?

x2 Joshua's summary of the situation.A lot of the problem is the "mark to market" accounting method that is currently devaluing long term assets.

The assessment value is 279, 0000 with land and structure, its on a 5000sq ft lot, with 6 parking spaces.

Ross, what is the financing method that you are using to purchase reo's that would make them good to lease option out?

I know if you use a traditional mortgage you will default the minute you tear down the structure.