I hope I get over my fear of losing money and make a dealCan you tell me if this was in a A-class, B-class or C-class neighborhood because I would prefer B/C-class but is hard to get anything that the price and numbers makes senseWhy thank you :) It took me a while to pull the trigger, as I dont have any back up help to screw up and lose a bunch of money (i.e....a second income from a husband) I had to weigh in that consideration.

The lender may technically be able to trigger due-on-sale, but likely would not.

I think he is using the lawn as something to keep us from actually pulling the trigger.

Criteria:Zip 01501 +5 milesMinimum of 40% equityMinimum of 30k equitySFR with Minimum of 3 BedsExclude Trustee and Corporate Absentee in and out of stateShould I pull the trigger and try to get my first deal? 

Since he still maintains an interest in the property, beneficial interest in the property has not been transferred, and the due-on-sale clause is not triggered.

Back when I was first introduced to RE transactions, when dinosaurs roamed the earth, there was a clause in the code on installment sales along the lines of; on an installment sale, if you received more 30% or so of the sales price in one year, it triggered the taxes due on the entire gain, even though not received yet.  

I started 5 new partnerships with different investors (4 as cash/credit partners, 1 as a credit partner) to make purchases together in the market I’m already investing in, Milwaukee. 4 of my new partners have been actively educating themselves about REI, but just hadn’t pulled the trigger yet.

Painting over is considered encapsulation and doesn't trigger anything.Keep in mind you can test, but testing means EVERY painted surface in the property.

If, after getting the refi figures, it still only calculates out as a marginal investment (or a loser), pull the trigger, say NEXT, and unload the property and headaches.  

Once an offer gets presented it will trigger assessments on the property.