ü A formal, documented and ongoing employee training program.

If I could carry the financial weight to rehab & hold, I would, but I need to get started somewhere.

I want to do this because I have been advised that if the old partner is on the loan paperwork, that he could make some claim to the property  and proceeds, although this flip is indeed a flop and there will be a loss. thoughts on this?

I think that The Peak Producer program by Buffini is a good starting point for the beginning agent.  

I understand that he has a guru program that he is trying to sell but was hoping to find someone who had attended that had an opinion if the seminar was just a sales pitch or had good actionable content.

That's a zero loss if the buyer balks.

Most of them offer the FHA program.

Once it's an REO, there no longer is a mortgagor or mortgagee, there no longer is a mortgage...it's now called "selling at a loss", which I agree is "short" of what they wanted....but, enough of the semantics.

Is the "Special circumstance" letter the letter documenting a large loss in income that led to the short sale to cut the wait time down to 2 years for fannie/freddie loans?  

We're not paying property tax on it since it's not a permanent structure.Related question - Our sole proprietorship is a farm, so we use Schedule F (Profit or Loss from Farming).