If its a delay till the next meeting look up the club website check vendors and club officials for team members.Good luckPaul

The equity I have in my home is minimal and would hardly help towards this purchase.

I just became aware of a situation where a family friend and her mother have offered to short sale their home with no regard to loss of their initial $20K down payment and damage on their credit due to the fact that they're up in age (one is over 100 years old) and they see no other recourse.How can I advise them of a different strategy to resist the temptation to give away what is essentially a really nice home that needs minimal TLC in the Oviedo FL area?

In TX 5-10k on a flip with minimal rehab is real money!!!

If minimal patch work, why waste the time and money?  

@Chad Duncan When they talk about closing quickly, they're talking about the escrow process, such as the title search (ensuring that you receive clear title, so if there are any liens or judgments against the property, it may delay the closing date) another component is the loan process, which is what usually pushes out the timeline in escrow.

With those strict maximum rent limits in low income units, it would be nice to somehow eliminate or minimize some of the monthly variables.

I want this done easy.I am willing to give up putting it on the market and gaining money on the sale, because I get to cut out the Realtor...Comps are $85K in our area, and but I am willing to sell for $75K, if this can be done quick and easy, with minimal cost out of pocket, for either party.

As long as there is no mortgage/liens on the property, you can do a "delayed financing" loan to cash out any time.

Here are some numbers:Purchase price 139, Appraised Value 175 (this is fantastic to me, and the main reason I pursued the deal)Repairs - Minimal for continuing rental, 5-10 for saleCurrent rent 1200, market rent 1300-1400 The closing was a little interesting.