I guess what I'm thinking is they put up half or a portion of the money and either we ride it out splitting income 50/50 from now...until or I have the option to buy them out after X amount of time and give a percentage on the money borrowed.

When I review financials its very telling if the borrower knows what they are doing its like your report card as Kyiosaki would say.

I'm here to assist you in meeting your investment needs.Happy Investing!

I am also looking for an experienced mentor to assist me.

If you need any assistance about San Antonio like: where to invest, getting in touch with a Real Estate Agent, Project Managers and such please just let me know.

Welcome David,Look into the numerous blogs and podcasts here on BP that will definitely assist you in your REI journey.

As stated am new here, but will be contacting some of you for more info and to assist and be assisted!

I owned the 2nd, foreclosed on the borrower and took title to the property subject to the 1st.

This woman is also on public assistance which is what she will use pay her portion of the rent plus she has food stamps.

Yes there is a possible income tax liability, from a short sale or a foreclosure, depending on the borrower's financial situation outside of the short sale.