And, unfortunately some home owners just think their property should be sold at "x" price, which in most cases is higher than anyone wants to offer.And, although she has lowered her price from $540k to $500k, there may still be a huge difference in the actual value and selling price and unless the seller is motivated to sell, that price may remain high.I agree that the upper floors (attic) may provide an additional 2-3 bedrooms, that might not actually be legal.

After awhile offer to discount the remaining note.

I was able to pull $25k of equity from the home to pay off my expenses, Lowes/HD, so far and install the A/C and remaining new windows.

Hi @Tanya Jayakom I would highly recommend checking out Podcast episode 2Basically, though, subject to is when a motivated seller will deed a property to you and you agree to continue paying the mortgage even though it remains in the sellers name.  

How should I approach this, and how do I determine an asking amount vs remaining principal and interest?

Thank y'all so much.Here's more info:very desirable neighborhood2229 sq ftbrick exterior3-4 bedroom, 3 full bathbuilt in 1969new roof 5 years agoHVAC replaced 10-12 years ago, no problemsfireplace, gas heat/ water heater, electric appliances, city sewer, crawl space / full attic, 2 small storage buildings out back, metal carport attached to housePics:https://www.dropbox.com/sh/9okdqd6lj9olk1w/AACeDvF5R133So7URcPnUUoqaWork required:pull up carpet, replace wallpaper in 2 bathrooms [apprx: $13,000]modernize kitchen [approx: $8,000]modernize one full bath [apprx: $4,000]wood paneling in living room could be painted or replaced with drywall [apprx $1000]slight water damage in mother-in-law suite has been repaired and roof replaced, but visible spot in ceiling remains [apprx: $500]Estimated repairs:$26,500Holding/selling costs: Est. $15,000 (Edit to your experience)ARV: $206,000 - $215,000ARV Comps:1- Distance: .6 milesSale date: 5/2014Stats: 3046 sqft incl basement, 4/3 full, 2 half bathsPrice: $90/ sq ft2- Distance .4 milesSale date: 5/2014Stats: 1800 sqft, 3/2Price: $91/ sq ft3- Distance: .5 milesSale date: 5/2014Stats: 3600 sqft incl basement, 4/3Price: $86/sq ft4- Distance: .2 milesSale date: 4/2014Stats: 1700 sqft, 3/2Price: $93/ sq ft5- Distance: .3 milesSale date: 6/2014Stats: 1700 sq ft, 3/2Price: $96/sqft6- Distance: .3 milesSale date: 6/2014Stats: 1350 sqfr, 3/2Price: $98/ sqft

Jimmy, HMLs that do consumer lending, like a bridge loan for a purchase will have the SAFE Act issues, there are tons of threads here, some very recent within a day.If they only do commercial, D/F won't really apply, but then they will need to ensure that the use of funds remain as agreed and used only for commercial enterprise, if those loans become tainted they could be required to reclassify the loan which can impact there operations.The question is simply too broad as to how life could change or what the impact could be.

.$69,479.67.But, you probably want to know where I came up with that number.These are for March 2007 through Feb 2008Scheduled rent $15,960/year (I think)Actual NOI $5,879/yearVacancy loss $3,664/year, 23%I figured that vacancy has some reason, so I dropped it down to 10% and added back the remaining rent of $2,068.

Economic growth or decline at a local level cares little about international currency trading levels.More important, I think, is that somewhere down the road we need to see a return to the correlation, at least on a national level, of inflation to real estate apreciation that went out of whack early in the last decade.IMO, real estate values will remain location, location, location.

If I were to make my living as a non-principal note finder, I'd want to make it my goal of doing everything to fall into the category of the experienced, well-funded, licensed market makers and operate in full view rather than finding it necessary to remain in the shadow world and spend much effort on the semantics of my job title in the hope of staying under the radar.