Okay, Joe transferred the equitable title in and to the property without transferring physical title.

I used that philosophy for stocks before I started investing in Real Estate.If you sell the property, what will you do with your proceeds and does that give you a better cash flow or chance for appreciation?

If it is 25% of FMV, then I would probably go through with the purchase and take my chances.

Like a new parent, I wanted to give my child (or in this case, yellow letters) the best possible chance of success.Well, I found out quickly that, especially for a new guy, this ideal mailing takes some expertise and a lot of trial and error to pull off correctly.First of all, you need a color laser printer for the scientifically proven red handwritten font.

I know there's a chance the bank laughs in our faces, but who knows.

Any chance that house is in the Brentwood subdivision?

I'm not a 100% subscriber to that idea, but on the off chance it does happen, you will be SOL if your primary residence loses whatever equity you have left post-HELOC.

Chances are there will be different occupants throughout the lease term.

Just for tips or if someone wants to give me a chance.

My take is you would need to acquire this property in the range of 140 - 180K to give you a fighting chance of being able to upgrade it to be a modern, efficient, and healthy home for your tenants.