Jack or Jill homeowner does not want to deal with it, no matter the rate or method in most cases.As investors, we have to ask ourselves "how can we afford this".  

Don't let the other side draft the PSA for you, because then you'll end up fighting over rights that are typically afforded buyers, like the inspection contingency, and the negotiation will drag on.When a client brings in a contract drafted by the other side, it often takes me more time and costs the client more to modify a crap bootleg contract (that often looks like it was thrown together in 5 minutes by the seller's 14-year-old son) than it would be simply to draft a clear and concise agreement from scratch.

Long story, but it just wasn't affordable for us to hold onto it any more (and after going through an eviction of our most recent tenants, I'm ready for a break from landlording!)

I have a motivated seller who cannot afford to pay her mortgage anymore and will let it go into foreclosure if nothing is done.The property has $730,000 in loans They Owe $440k / 39% equity The average sold in the neighborhood is $659k Never had a seller like this and new to real estate investing.

I have a motivated seller who cannot afford to pay her mortgage anymore and will let it go into foreclosure if nothing is done.The property has $730,000 in loans They Owe $440k / 39% equity The average sold in the neighborhood is $659k Never had a seller like this and new to real estate investing.

Put what you can afford to put into the house in repairs and list it with the realty company that puts the most money into advertising 

Should I wholesale it to someone or should I  attempt to do a lease option to a high end lessee who can afford to put 3-4% down and pay rent there instead of the traditional 20% down most banks are asking.

This property is impossible to owner occupy in its current state and the serious offer they did have fell through because the investor realized it was more work then he could afford with offering 85k.

I suggest small operators as here on BP not be the testing field for questionable tactics unless you can afford the battle and the consequences.

I'm aware that there are many different ways to approach long term holds, so I'm not slamming your basic approach -- although it's not one that I would be comfortable with (or be able to afford, lol!).