The cost of living is lower.

So all of a sudden you have a decline in collected rents, your cash-flow sails out the window, you're paying 18% on credit card debt, and with lower equity you literally can't afford to sell the property because you can't afford the debt payoff and the realtor commission, closing costs, etc.  

Your IRA can partner with your friend, but partnering personally with your IRA will likely result in a prohibited transaction. 

"Brokering" means you represented the buyer or seller on a transaction for some commission amount.

Javier, I would say the 70% Rule is mostly used in areas with lower property values.

Prices are lower and towns can be easier to work with. 

What, if any, are her options & is there any way possible for this to be my first wholesale transaction? 

My claim seems equivalent to the  process you would use for the lien release of a private lender first or second mortgage.Who do I work with in the transaction to allow the sale to go through without a cloud on title, but also get paid?

No buyers.2.  6 months go by, the bank lowers the price to 139K.  

My best clients always know the value of the houses even when I offer lower the offer.