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).  

Tell them you will sell to them, but they have to commit to submitting an offer with a non refundable deposit of say $5000 and commitment to buy within 15 days. this will tell you if they are serious and not wasting your time, and if they can't commit you have something for the loss of time for not listing the house and just pushes your listing back to the end of the month and enough time to get their house ready.