Andy M, Commercial lenders do care about the income in a property, and if that's the only income you have, that can be documented consistently, they are going to be concerned that the money will go for food instead of their mortgage payment.You're also going to have trouble if you try to do this under residential guidelines, for those same reasons and more.Hard money is not an option for you because 1.

Documentation is essential for this process.

Let's cure this with the right documents.

I sent an email, as that's been the most effective way to communicate with him in the past.When I hadn't heard anything for a week, I called his office to confirm he received my email. his paralegal said he did get it and was working on the file.

@Jordan Schlick: You should let them know that 25 business days is the longest they have to process a transfer request as per the banking regulations (assuming that the documentation is accurate).

He has not called, emailed, or sent word that he needs the second payment of the contract.

You want to document the transaction to show how much money changed hands just in case a disgruntled buyer claims you cheated him and wants to take you to court.

I have posted ads on Craigslist, Backpage etc and im only getting advertising emails.

You need to sign up for my newsletter (don't worry, I'll never try to sell you anything or share your email with anyone) -- but you'll get access to the first business plans I used for both residential and multi-family.

If you're going to include an email address, buy your own domain name.