The one in first position would exactly match the terms of the mortgage.

Positive cash flow: $214.

Like you, I've been in the position of having to move before a house is sold.

Since then I've upgraded to gas-paks.Anyone have any negative or positive experiences with EPA, local municipalities, or on the selling end?

Using any kind of positive appreciation number in this real estate environment is a fools game.

I just never had a seller in this position of going into bankruptcy.Jon on your statement about the blanket mortgage... i agree and deeply considering letting this walk along with my other options...also, i am trying to sell my option right at this time as another option.

I understand their reasoning, but it takes away from your position.

It's not a bad option for $75/mo but it's just not enough to get somebody in a position of getting a loan approval.

I also know several sizable investors who advocate conservative leveraging, perhaps only to 50% LTV.But I can't recall having met somebody before who's had such significant holdings, who advocates holding property entirely unleveraged, and I would sincerely appreciate insight into how you came to that position.

The deal between us is far from sealed yet, but by going in with a win-win attitude, being honest, and being willing to put in serious work instead of asking for a handout, my wife and I have hopefully positioned ourselves for a great opportunity.