We are often discussing wealth building. 

This county has big universities, colleges, and hospitals, and has cash flow for long-term/ mid-term rentals.

It seems as if there will be some upgrading of the units, are you anticipating a sale or refinancing out of the subject to different mortgage afterwards or is that the long term debt instrument you want to keep?

@Benton PruittThe original lender should provide a short sale approval letter noting as long as they get x at closing…The second lien holder will be more problematic.

Or how long after can I refinance?

It's been a long while since I've had to deal with partial payments.  

We are hoping to retire to this home in 2-10 years and figured we'd buy why rates are cheap and let someone else pay the mortgage for awhile.

What I have seen is that they wait toooooo long for a these clients in order to make a better income and almost drive the business into the ground.

Looking at two potential ways to buy real estate for long term hold rental. property A assume the loan on a property with no equity at 6% interest rate.

I am looking at an off market deal to help a neighbor and make a long term investment.