They don't want to own more property than they already do.Also, check with your local taxing authority to get a number on any back taxes currently owed. 

My PITI (principal, interest, taxes, and insurance) expenses will be about $700/mo (our taxes are very high), so, not including maintenance, management and vacancy, it will cash flow between $400 and $500 per month.  

AND that I can wait out a mistake over a longer time period, with monthly cash outflows, instead of owing a huge mortgage with no cashflow.I think I'm going to take your suggestion and wait for a 2-fourplex to come around.  

A "real estate broker" is any person, partnership, limited partnership, limited liability company, association, professional corporation, or corporation, foreign or domestic who, for another, and for a compensation or valuable consideration, does, or attempts to do, any or all of the following...In Utah, we have a list of exceptions including being a principal on a transaction.  

In return, I'm happy to offer a free copy of my books and owing a future favor...  :-)Feel free to shoot me an email (in my signature below)...

@Jason Reynolds The assignment fee is collected at the start for your role as a principal in the transaction.

Sub-letting as a principal tenant can be done, options can certainly be sold, but how you go about it can be an issue.

As to an alluring offer of payment: I am earning interest on the principal balance between 8% and 16% ranging between 5% and 20% down payments.

I am not planning to quit my job (I love it, and I am a principal in my business).

I have a motivated seller who cannot afford to pay her mortgage anymore and will let it go into foreclosure if nothing is done.The property has $730,000 in loans They Owe $440k / 39% equity The average sold in the neighborhood is $659k Never had a seller like this and new to real estate investing.