I know a land contract is different but but basically the tenant pays the insurance and makes the mortgage payment, gets the deductions and benefits of home ownership.

The same thing can be said for a fraudulent transaction… in many cases you cannot define what is fraud in general... but I can tell when I see it...In a subject to (“S2”) transaction the basic premise is that Party A will buy Party B’s property and not payoff the existing mortgage (or deed of trust).

Here's the basics on the house:--4000 SQFT (including 1000 SQFT finished basement--6yr old central unit and unknown age second unit--excellent foundation with no to very minimal settling--split level with large bedrooms and large bathrooms--1.5 acres lot in a good neighborhood with a few million dollar homes a couple of streets over--nice but neglected landscaping--built in late '70sFannie Mae wants $179k but it needs everything on the inside.

They certainly CAN be problematic, especially a disposer, but if you provide clear, written, instructions on basic operation, AND make sure the tenant knows they will be responsible for the cost of service calls caused by misuse, your problems will be minimal.

Basically, you can't do any deal with your self, spouse, your ancestors or descendants, or anyone with a fiduciary relationship with one of these people.There are also some funny taxes that come into play in certain situations.Jon

I have only done straight forward wholesales in which my fee is paid before the property closes and basically I don't even need to go to the close table.Thanks for your time and information!

Basically you set up the deal, then add in what you would like from the deal (or subtract it is probably the better term)I'd say don't go crazy, leave alot of equity for the end buyer.

Basically, gutting out the entire thing and upgrading it all.

Ok, this is technically my first real deal on my own.Foreclosure in my town, found out about it via them coming to look at my current house that I'll be renting out.Property-2/3/4 bedroom half double, 1.5 baths (the 2/3/4 is its basically a 2 right now, with a 3rd being a walk-through into the master.

I had a repair guy stop by the other day and basically he told me sheis making a mess of the place and she doesn't have the gas cut on.She is an inherited tenant from the previous owner and I saw her once in person after the sale.