I'm ready to lose it tonight.

If you lose the deal then you lose it, don't overpay just because someone else is willing to lose money.

Even though I'm losing money on the proposition, the a@#hole lawyer in me is seriously relishing the experience.

I dont like to do wraps when I buy because you have to pay the seller, then verify they paid the bank and you lose a lot of control.

It's a kind of a Trojan horse approach where the question seems, "what do you think it's worth?"

This wouldn't be so bad for the seller who just redeemed them, but it risks me losing all the spread I pay to him.

Oh, and I did have a lake house that we used for summer vacation rental that did pretty well until the neighbor pulled a gun on one of my tenants (lost money selling that deal) and a commercial building that I had an office in but is now leased (about to lose tenant on that one and desperately wan to sell it).

There were other sellers that I felt weren't, I'll say "on top of it" or unique situations where I wanted more assurance of control.The contractor did about 60 or so homes (he finally got smarter, made enough money to do things on his own) and set up his own operation and branched out as well.Risks, if you don't know what you're doing you can lose, need to do the same assessments as if you bought the house, so there are those issues.The only risk associated with the owner is dying or being unable to continue, that's really only a holding cost or time matter as that can be managed.Never had an owner try to pull out, a few lost interest, but none backed out.

The Section 8 tenants have a lot to lose if they don't follow the terms of the rental agreement, so they are motivated to uphold their end.

To leave it with the property owner might cause some individual homeowners to lose their home but then an investor that can handle fixing the problem will be able to benefit and restore the home to functionality.