These risks are assumed and remain with the owner as the owner retains the benefits of owning the real estate, tax benefits, appreciation along with the equities.

NPR just mentioned a reminder that as of today analog TV signals will no longer be sent out.

Most real estate attorneys handle closings for institutions, and those institutions have boatloads of attorneys on staff or retainer to keep them in compliance with banking and lending laws. 

For a stabilized cash flowing building that you have a track record on that might be a way to pull your money out and still retain ownership / cash flow.

As an alternative we asked if they could put in a retaining wall and they said it was not possible.

give them something but U retain something.if your contract clearly denotes its subject to financing and your within your financing contingency period.then you entitled to it back.. but if THEY wont sign then its a mess as well.title company will hold it for some time while you guys figure it out.. if you cant they will interpled it to the courts. hiring an attonrey most likly will be more cost than you guys have at risk.. so again split the baby down the middle is what usually happens

You would need to retain their services to submit an annual report to the IRS, a copy of which your UK accountant should receive as well- and there is not much more to it.You will need a US tax number (called an ITIN) before you will be able to pay taxes- normally the CPA can handle that application as well.

I feel like I have a good idea what the cost of repairs will be now after hearing from you and a few people I talked to at the meetup at signal mountain today.

If you have a risky investment strategy or bad luck - having the ability to retain some capital is a strong argument for building some retirement reserves.Also once you build up reserves in your retirement account, you have the ability to roll it into a self-directed account that can invest in real estate.

You better move cautiously, and you better have a good Real Estate attorney on retainer to ask questions.