You may find that you can rent a much nicer condo compared to what you would pay on a mortgage for the same number.

If there is little to no equity, the borrower may not be able to sell the property on the open market because it would require cash at closing. 3.

If it stays beyond what's paid for either move it to a storage area on your land and keep track of storage fees or see if you can have someone tow it offsite for you and in that case they will have to pay whatever fee the tow yard charges. 

Definitely hard pass on that.

Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

@Jerome NunezYou will not be able to remove your name from the mortgage as if your name is on it the lender underwrote it based on you and will not let someone else assume it.

Any insight on this topic will be appreciated.

Lean on these forums whenever you have questions. 

Send me a DM and I'll give you a recommendation or you can find one on your own.

Any advice on next steps?