Personally I think if you are providing a service to an owner in foreclosure disclose it and disclose your fee..

I could get all my money back out (except closing costs) if I did a 80%LTV, however that would be at a 9% interest rate unless I decide to buy down the rate.

What are the top 3 things you look for from an investor stand point when analyzing a deal before deciding to jump on it?

The previous owner left the house completely full of belongings.

I would refer back to your owner agreement and hold their feet to the fire. 

I'm a vertically integrated development firm out of Columbus OH we are looking for a higher density deal between 15 million and 25 million all in and I'm close to putting one together. we are also looking to approach land owners to contribute underperforming land to our developments which is a win win strategy I have a letter I can get you some info on.

That is what the attorney is for.Because you made the MISTAKE of letting this tenant know you are the owner (nothing good ever comes of this, despite what many posters state), you may need to tell a white lie to extricate you & your wife as the "bad guys" he'll hold responsible.Maybe tell him your "partner" is taking over because they don't like how you're managing the property. 

@Jenny Yu, Were you able to decide between Sherrills Ford and Mooresville?

I'm trying to decide between renting the basement as a long term rental (and figure out something with the yard and utilities), do a short term rental like Airbnb or Furnished finders and give upstairs a utility credit, or leave it up to the current tenants to sublet it on Airbnb or find another roommate (so I don't get calls about tenant disputes since they will have chosen them). 

I am a business owner and have an S-corporation.