That's also my bet as a good attorney wouldn't be suggesting what you have posted above, IMO.I suggest you not even get into Contract For Deeds, that will just blown off this site.Again, welcome to BP, might be a good idea to catch the flavor of this site before blasting in as an expert in any financing matter.

I'm betting a lot of money this is how it works :-)

Bakersfield, I can't say for sure but of the 3, I'd say that is your better bet.

I'm sure thats probably not legal but I'd bet it would be a huge legal mess to have to correct and some really tough sleepness nights waiting for things to get cleared up.Get the title insurance and get your sleep.

The tenant-in-common ownership structure provides you with the most flexibility in terms of your ultimate exit strategy, but may not solve other issues/goals that you may be considering.Just my two cents.

Basically, I have 2 agents filtering REO leads on the local MLS and making low-ball offers on the older listings when prices may be more flexible.

This area didn't crash hard and has pretty much bounced back to or above previous highs so it isn't the worst bet in the world.Also if you are in it for the long haul in 20 years you can be making crazy amounts of money as rents go up and your payments are fixed, or get paid off.

The links at the very bottom may be the best bet.

You will not lose...it's like betting on green and green already came up.

I bet that your buyer on that one figured the ARV to be more like $130K and the repairs at closer to $10K (Assuming that your assessment of what needed to be done is close) and that gives you a MAO of just over $80K.It seems super unlikely you are presenting any deals that have $60K profit in them.