Surround yourself with like-minded people "Creative" real estate is non-traditional, which means that most people don't do it this way.

Do you feel that Citigroup is getting special treatment as one of the largest "FED Member Banks"

Wouldn't you rather put that $ to work in a non-risk, non managerial vehicle such as a CD for a similar return?

How the income is earned, and therefore the tax treatment that applies does not change character when it is passed through the LLC to your personal 1040.

My last Home was from HUD and had minor termite damage but they did pay for the treatment just not the repair.

The medical care on the tiny island was pathetic and I was having to drive 2 hours away to my appointments.

In markets like Manhattan and Brooklyn for example, this does not work nor does it work in any of the (non-declining) major cities I canvas.Thanks for your reply…as I am getting more firm in my decision to walk away.

There would be a non-refundable option fee.

This will be non refundable.Make sure that your buyer is okay with the sells price of the property.

Perhaps in this case previous landlord responses (apartment building references are the best and non bias!)