I would be behind the bank in terms of loan position.

@Bobby NilsenThank You Bobby, I will most definitely take action.

That said, being in California, its a single action state so neither of you have to worry about anyone coming after you for a deficiency.My two cents, unless there is TONS of equity and/or unless you have tons of discretionary cash laying around to reinstate, I'd let it go and start over.

I haven't had any in-depth conversation with them yet.I'm curious to know what are some of the positives/negatives of this type of relationships.

but your right real estate can be transacted between parties don't need a lawyer or title or escrow company or agents or lenders or anyone but the two parties.. when foreclosure rescue lease back in our state was legal I did a ton of it.. and there simply was no time to involve anyone.. when the seller decided at 10am on Wednesday they needed to take Massive action and their foreclosure was scheduled for the next morning.. 

I’m about to acquire my 3rd property, and should be in a position to buy my 4th in Q4 of this year.

.- On all our videos we like to put a call to action at the end as narration and/or text graphic.  

Positive cash flow from day 1 you own and is critical too.Good luck to you!

It takes a lot of action and practice to get good at doing those 3 things, but you have to start somewhere.

Investing primarily in this market has clearly put you in a strong equity position.