Buying REO, is like buying any open market transaction.

I am open to suggestions!!!

I am open to suggestions!!!

Does anyone have experience with PMs being open to having that clause removed? 

Her initial plan was to sell the farm, retire, and fold the LLC.However, I've convinced her to do a 1031 exchange and reinvest the profits into another property, out of state.A friend and myself are doing all of the leg work for this deal and are planning on putting in some cash of our own.We are in need of a CPA, Lawyer, and a 1031 Intermediary that can help us do the 1031 exchange, as well as advise us on how to properly split up the equity of the property we're going to buy.Additionally, if it makes sense for our goals, she is open to giving us equity in the LLC, as well.Thanks,Spencer

Its easy explain your mistake be honest and then open up your wallet to fix the problem.

Also, the lot next door is vacant and I have opened communication with the owner about me purchasing that lot as well.

Go to open houses. 

This is what we found and was wondering has anyone done this before:If you want to keep your options open after the 45th day all you need to do is make a valid written identification of what your replacement properties may want to purchase and then use the remaining 135 days to do your due diligence.Was wondering if this can be done with a written explanation and has anyone done this before?

I would check on liens, violations, open permits as due diligence process prior to closing on the deal.