So 20% of $500k is a $100k minus the $50 in equity you only have to bring the remaining $50k for down payment vs 20% of $450k being a $90k out of pocket down payment.

They sent out official resignation letters to all homeowners in the email database and also turned in their information/materials (documents, folders, etc.) to the remaining board member soon after.

That seems dumb.Even if John deeds the property back to Bob, the HELOC remains a secured lien against the property (regardless of whose name is it's in.)

[that's the first reason realtor is involved]The reason I specify the "rent credit" is because 2 things can happen:1. if I say the credit is going to pay down the total property price when the option comes due, the T/B still has to come up with 100% finance2. if I structure the credit to paying down the down payment, the T/B then only need finance the portion that is remaining, which results is a much higher rate of purchase [ if this is the ultimate goal of the owner, I present this as an alternative to going through the traditional way of selling the house, which takes time, and this is almost instant?

Your Google Voice number will remain on your account for 90 days.

Of of the 9 properties, 6 are financed on a commercial loan together, and the remaining 3 are financed on a commercial loan together.

-A tax lien certificate is a certificate that a county sells to satisfy a property's delinquent property tax.

Looks like you found yourself a great deal Tim, that's precisely what I was looking for in the other thread.There is one more component that remains to be seen- what did your end buyer end up having their rehab cost and resale price be?

As long as it has an acceptable cash flow, equity (at least 1/3 of value from your situation) and a decent neighborhood to find tenants, it satisfies basics of my investment criteria.

There are conditions precedent that must be satisfied for the option to be exercised.