Ok,
My wife has a listing thats in a popular Austin, Tx area. Its a one bedroom condo and she is listing it for 70k one just sold for 92k but the recent comps are at 85K it needs paint and carpet and is vacant. Rent...

I do have some time during the day when I won't be playing poker and I won't be going to shows!

I have considered consulting an attorney to find out how I can possibly play hardball if they attempt to foreclose.

Yes there is a due on sale clause in any conventional or govt. loan, such will NEVER come into play setting a residence in a family trust.

I also suggest you keep your money situation to yourself until you know who you are dealing with, you need to play poor as a church mouse, IMO.

That's why I want to make sure we both win, not like I'm just paying him a wage.I suppose it makes sense to start out with me 100% in control, and when he has some skin in the game, then we can work out different numbers.

We have started to see houses not make it past the 15 day waiting period, which means owner occs are most likely getting in the game.

try epropertysites.com too you can change the templates, the looks, and music that plays during the virtual tour.

Make it a fun game of negotiation.

If your play is buy and hold, you will have to find long term private financing which may be more diffficult then short term for flips.You may consider doing a few flips with private funding to raise more cpaital for your buy and holds.