I would highly doubt that a bank would "discount the note as a favor."

IMO myabe you who doubted the power of the electric needs to regroup as Americans.

Since the property in question has not been ready and available for rent ("unrentable" in the OP's own words) for over a year, I seriously doubt that the IRS will agree that the property was never taken out of service.If the property had been continuously marketed for rent (even through a short term renovation), then I might reconsider my position.

All of the other leases had the same conditions so I highly doubt he would ask the tenant for the last month's rent.

There is no doubt about it!

Also, I agree with Braden C. about the website, not to mention I have seen dozens just like it (I highly doubt it is very effective but perhaps I am wrong)...the term VIP alone is enough to make me 100% uninterested in reading more.

If people are wondering, I doubt I will do another cash purchase with the intentions of refinancing, unless I'm getting a deeply discounted price.

If he explained "how to", please share.Less than 20-25 properties in a package, I doubt it.

But I doubt that strategic defaulters will have a chance soon.

Marie Poe, our plan is to flip the property - it's a single family house - so yeah, the idea of replacing the entire line is giving me heartburn. haha That is, unless it's similar in pricing to fixing a portion of it (which seems doubtful but I'm pretty new at this).Thanks again to everyone here who gave me some great details.