Excuse me while I go clean myself with boiling water and bleach....

It's highly unlikely that your current lender is going to allow one of you to be simply taken off the mortgage.

If the tenant doesn't pay this money, then you simply send it to a collection agency and they usually get the power to deduct it from the tenants bank account or future earnings.Now obviously a lot of landlords would not bother, as they know the tenant is never going to pay that money.

Simply not enough information of the deal to say which is best.

Not only are the more knowledgeable about RE, they simply have more ways to monetize leads - i.e., if they can't buy them, they can LIST them, and that is a huge advantage.

Good Afternoon All...Is there a good resource to find a boiler plate document (P&S) with an assignment clause, or do most of you simply write it into the standard P&S under "additional terms"?

Simply engage your mentor.

I agree with you Cliff -- if they are telling you that it won't come close to appraising out then simply go elsewhere.

That's how you boil down to your offer.

Nothing but deal makers using unconventional ideas, many of which are either illegal, unethical or cause unforeseen problems simply because they either lack knowledge or they don't care.