Because you received a discharge in your Chapter 7 bankruptcy and (I hope) you did not reaffirm the 2nd lien, the lender no longer has the right to sue you to enforce its lien - the 2nd lien is attached to the property.

The seller gets really ticked off at you for causing him to pay imputed interest tax rates on money he never receives and he sees his tax attorney.At that point the attorney asks questions, who  told you you could do this?

For your area, is the rent you would be receiving after the work is done, a good return on your investment?

Just want to make sure if she doesn't receive funding for the  mortgage she forfeits the 40,000.

However credit score may effect the interest rate which you receive on this loan.

The reason is that the custodian holds the funds, signs every contract, writes all checks for expenses and receives all deposits for the benefit of your IRA.  

I'm not sure if anyone has answered your question but, I've heard 50/50 responses about receiving your real estate license.

The prospective tenant can think that what ever you did to upset the current tenant you may do to them.Then you have to post and prove you posted the 2 day notice in case thetenant says they didn't receive it. 

I will be receiving a PSA soon and have to review it with an attorney.

Additionally, there are other opportunities I refer to as fail safes which can include DST's and TICs both of which, assuming you align yourself with the correct person or company, will often provide a better rate of return than you can receive yourself.