Still shocks me there are people on this earth that will allow someone to take over their loan payments that could impact their credit.

The neighborhood was also too dense and the block was over capacity for multi family rental units.   

This is also a technique almost similar like auction process.These days, almost everyone over here uses final date.

You're looking at a commercial lease transaction which will bring around $200,000 total dollars over the initial term.

I have never done this but I'm interested in hearing more about this from the money investor's perspective.I may be wrong on this but isn't 10k interest on a 50k loan over 6 months equal out to 30% annual interest?

Thats how I got into real estate 7 years ago and now have over 12k in passive income and a portfolio of houses, manufactured homes, and multi family homes.

If you want a suggestion on an insurance broker send me a PM and i'll shoot the info over (can't post it on the forums here). 

There are a lot of assurances made over the phone that are not in writing.

Over three years, the rental property accumulates $100,000 in net passive losses, which remain suspended due to the absence of passive income to offset them.

And obviously the better the script the better the results over time.Lastly, just understand the more distressed the list, the fewer calls/texts it requires to get a lead or a deal.