All those junior lienors have a redemption period where they can buy the property from the previous winner to protect their interest.

I am already in my extension period but I am still no closer to closing on this than I was a couple of weeks ago.I do have some options.

Whats up PJ,Nice to have you on board with the rest of us biggerpockets lovers (LOL), thats is a very big advantage growing up around the business!

I also wonder about the reality of the rent after the guaranteed rental or lease back period ended.

(I have removed the rest of this paragraph giving a full explaination).I do however totally agree that there is a lot for me to learn and this forum is a great resource for information.I have removed the rest of this paragraph in order to avoid breaking any rules or causing offence.

You must have welcomed at least 10 new members to the forum during the period in which the contest is going on.4.

You must have welcomed at least 10 new members to the forum during the period in which the contest is going on.4.

New brick paver terracePergolaNew tool/garden shedRemoved old landscaping and added all new bushes/plantsRefaced front and back entrance steps with slate tilesObviously, I left the electrical upgrade and heavy plumbing to the pros, but I did as much of the rest as I could myself (all the demo, I learned how to install toilets and sinks!

The full balance of the first mortgage would still be owed to the first lienholder.In some states, there are owner redemption periods after the sale.

However, they cover their yearly expenses through the rest of the year.