This was a post from this website on NNN properties that I thought was excellent.

If you haven't established a relationship with a title company, I would suggest doing that, and let them know you will be doing a lot of business, and you will use them for all your title work.

We have a great relationship, great communication, and are NORMALLY on the same page.

The numbers look very good and you have found an excellent deal!

It's a win for the buyer who makes money from the equity and it's a lose for the homeowner who loses their home, their equity, and their credit.mdprincess,Eric gave you some excellent advice about talking with sellers.

Also, through our relationships we have access to some great REO Packages in the US.

This way you don't end up filing court paper unnecessarily and/or don't sour your landlord/tenant relationship.

I would suggest building a relationship with a realtor.

If you're going to do it anyway, I would start a LLC and then document the relationship down to the last detail, including EXACTLY what is expected of each person and EXACTLY how the profits would be divided.

Cheyne,Having done fix and flips for 12 years, both Jon and Mike give you excellent advice.I always limit the number or use of contractors specifically for the reasons you have experienced and Mike described.You sound as if you are at the end of the line money wise, if you can't get capital to finish, either through private money or a money partner, I would lean towards selling as-is and get out from it before it becomes a further burden.