That would be the cleanest way to handle this and not mess with any of the wrap idea.Terms of the debt are only found in the Note, there are no debt terms in the Mortgage, Deed of Trust or Security Deed ("security instrument").

I'd refer her to an agent that regularly does short sales.

They don't matter much as long as you still have cash flow, equity build, inflation security, and appreciation.

Legal fees.Accounting fees.Lost rent due to a lengthy eviction.Tenant damage above the security deposit.Utilities, at least when its vacant.Capital items (e.g., appliances, carpets, furnaces, roofs, etc.)Speaking of carpets, new carpets every 3-5 years.Property management.Make ready costs.

Okay, so can I just use a regular purchase contract?

Most people prefer direct mailers and become yellow letter specialists by researching the law of averages, templates, yellow letter vs regular letter, and even stuff like mailing on or near a full moon (I have no idea).

Fake property manager hired a cheap hand (again, no professional certification, no social security number), who did some work but cost damage to the property.

Then add a good umbrella policy for added security.

At the point the down payment has been secured in full they get a mortgage for your asking price and become the deed holder also....Kudos,Mary

The reason for me taking so long with finding a broker is primarily because I got really busy with my regular job...and I wasn't sure I wanted to take on the additional expense of holding a license....I would love to transition to full-time :-)