. :)  It's basically a full rehab.  

(so time changes motivation for sure) he basically took what he owed, we decided we could profit , got it under contract posted it on my local REI forum at 11pm the next morning had about 3 potential buyers, 1 even sent a contract!

@Jarred Sleeth Here's a simplified model to show the concept.

As the others mentioned, you have zero "equity in the house", but your note has a ton of equity (basically the FMV minus your Unpaid Principal Balance).Your question doesn't make a ton of sense because it's not clear what you really want to know.

To do it right, a turnkey company basically needs to do what a full blown investment broker does and not just put in any tenant to make a quick sale.

Beginning with the property on Barry Road, and going with a Rich Dad Poor Dad concept and assuming that is in Farfield, I would think that's a large liability and you will start by getting rid of that.Yes the House is in fairfield Vermont Good work Nick!

I would suggest suing the fairly new system from Basic that requires NO sanding.

I have a difficult time comprehending things when there is no set time spent breaking down one concept to another.

(Friends, family, people is your sphere of influence)Realistic LTV for most of the basic HML companies is going to be 65%-75%.

Having a legitimate marketing piece and knowing some basics will go a long way.