I have found that the people who move out in the middle of the night have no money, so I just send the expense amounts to them and do the 50/50 deal, if we get something great, but if not, they can go after the ex-tenant for it.

It's really more down the middle.

I'm more of a middle of the road type of investor who has a good foundation and am not looking to overly leverage.

The problem is now you are in the middle and staying in the middle.

Sounds like another middle man to pay haha but I am sure they save quite a bit of time which is important, especially to someone like me who has a full time job and can't run around and track down leads or search for properties all day.

The owners had it done custom but are in the middle of a divorce and can't afford to finish it.

It's issue is it is in the middle of no where so no one wants to buy.

Second concern is that you now have a middle man so to speak in the equation.

There is no value there to cover the second position mortgage except possibly a small amount.The refinancing took place in the middle of March 2013 and I received a call from Nationstar while I was out to dinner one night in May that I had two hours to pay the mortgage.

I am in the middle of a 1br renovation and will report back on what I went with.