Here's the breakdown:Purchased with cash: $167,000Title closing fees: $2,107Misc expenses (paint, cleaning, repairs): ~$2,000Credit to my condo account from association rent: ~$1500 (This was an amazing surprise)Monthly interest: $166.67 (Nice perk of a family investor!)

It's quite surprising some of them. 

@Brandon Ingegneri Not surprising. 

They will not be made whole if they proceed with the foreclosure sale, so if you can offer them FMV, I would be surprised if they didn't take it, regardless of what they told your attorney in the initial call.

has no monthly fees, only a per door fee and the convenience fee for payments can be applied to the Tenant.

That said, you would be surprised how many people are out there that are open to creative structuring.

We are a brokerage that works with investors, finding them great deals on HUD homes in Florida.We have been surprised!

After 20 years I rarely get surprised....PS...Banner bank is big up North and east of the mountains in small towns...and they just quoted a doctor client in Tri-Cities 5.75% on a jumbo first mortgage.  

I wouldn't surprised if this came true, although the future is very hard to predict.  

My wife fielded the owner’s phone call and we made an appointment to view the home at the tenant’s earliest convenience.