Forgery is a covered item in title insurance.. this to the tune of 15 MILLION Dollars.. they paid but after myself being grilled by the big boys from Miami  LOL.I have one going now on a land locked parcel.. my claim is 450k.. they need to buy me an easement or cut me a check.. they missed that my property was indeed landlocked..

Hi @Jason Burr,Installment sale transactions often referred to as Seller Carried Back Notes or Seller Financing can be a very effective way to help the seller get out of their property and spread taxable gain over the term of the note (depreciation recapture would be taxable in the year of sale, capital gains would be deferred over the term of the note).However, you might get pushed back from the seller because it does trigger their taxable gain and they may not wish to do so.

In my own particular case, I've not had trouble finding appropriate properties, but putting myself in a position to have a trigger to pull when I do find them.  

The HELOC is $34K currently at 4.5% ARM.With this rental property that used to be our primary residents, I'd like to begin the process of setting it up as an LLC and begin investing in more rental properties in the area and even other states as Orlando, Florida and beach communities where my sister lives.HOME EQUITY LOAN:The Bank of America $300K HELOC was a 2.9% Adjustable Rate and we recently locked $212K into a 4.7% 30-year Fixed Rate.

I also wanted to change the lock for the remaining 2 tenants's safety but they don't want to pay for the new keys stating the one who left need to be accountable for his actions.  

Given that rates are trending upwards, this is important as it'll let you keep your purchase interest rate that you locked in, even if future-normal rates are back to a historically average/normal 7%.A sexy commercial that you can use to make fun of all your friends who took out FHA loans.

- As a result of the seller not being able to rezone it as 3 unit MFH, did the seller (or you) have to take explicit measures to lock the 3rd unit out, by destroying strategic parts of the unit, or blocking any gas/water access to the unit?

Only real problem is no one could ever track down the lock box code so we had to break in after closing to inspect and secure with new locksets ( new locksets are normal, breaking in not so much ) A light cleaning and a little paint and it should be rent ready on the 15thHang in there and don't get frustrated when they need everything immediately and then take forever to respond.Roll on,,,,,,

@Matthew Spaulding Welcome to BP and I understand that fear can really lock you up form taking action.  

I am within my window for a refund and want to pull the trigger if I get confirmation that this isn't as educational as they made it seem.