I foresee finding cash buyers and a title company, that will be fine with closing with assignment, once I do secure a deal as an area of opportunity for me right now. 

You are securing the loan with a building. 

The difference in the type of degree that your grandson will attain versus the one I will have aft we completing my program is job security in the future.

-Tenants staying there since (24 months, 14 months, 6 months, 6 months)-Leases are going to expire in (24 months, 6 months, 6 months, 6 months)-Security deposit (295, 295, 295, 125)Bad- Year of construction: 1981Ugly (This fee is supposed to be a deal killer but I think the risk is worth taking - I am seeking your expert opinion on this subject).- Monthly Maintenance Fee of 760$ - Seller is claiming that this fee cover pretty much everything except inside the property… the insurance on thru HOA is enough for most banks… also cable/trash/grounds/day-night security…I prepared 2 Reports using Bigger Pocket’s Rental property calculator a) With 100% mortgage b) With 75% mortgage.During the preparation of these Reports, I considered the potential future expenses by having the following assumptions.

For example.Investor lends 100k for the purchase of a 500k duplex.Homeowner lives in one property and rents out the second property for 1500 a month.Pays the investor 834 a month (10,008 annually) and keeps the remaining 666 from the income property.The investor is getting a 10% roi while the prospective owner is getting some income from the rental property, access to the housing market (and as such all of the associated tax benefits) and doesn't have to pay mortgage insurance.Of course there would need to be some sort of security and the lender could have their name on the deed?

Rehab needed arm security so as to not get everything you put in stolen the same night.

appreciate the feedback--while I believe in second chances, the fact that he ignored the caveat on our ad of "don't respond if you cannot pass a background check", indicated to us that he was ok in being deceptive--even if it was to prove himself as a good worker so we would overlook the criminal aspect--I feel that having him around  increases our liability for a lawsuit, and if something Actually DID happen, we had knowledge & put our tenants and their security at risk---PS--asked our attorney & he said get rid of him, so that is the plan--

You can obtain a copy of any recorded security instrument from the county for a relatively small fee.

Any big ticket items pop up that caught you off guard?

I always have a security deed written up and filed as well as a note with the investor.