I won't stiff him the cost of the plywood, I just don't think it constitutes an additional $2500.

well, what constitutes a vacant, if I remember correctly is 90 days with no mail, determined by the USPS.

I'd have a sign professionally made stating "No Smoking Anything Inside or Outside These Premises"Further, in smaller print, quote from ME smoking regs:  "A violation of the smoking rules constitutes a civil violation for which a fine of $ 100 may be imposed.

But, obviously, on a $500,000 deal these costs alone constitute 7%.

@Randy Chang keep in mind that you can put whatever you want in the contract about returning your money, or what constitutes non performance, but if you pay it directly to the seller and then they don’t perform and don’t want to give you your money back you’d have to sue them for it.Assuming this is a large developer that could end poorly for you.

The owners are collecting rent below market value because the units are outdated and out of place in that market, if upgraded we can move to column 3 which reflect the value of units if updated to (granite counters, prefabricated high-grade counters, stainless steel appliances, constituted wood flooring,  split ac units instead of window units, new windows (hurricane proof) and a driveway instead of dirt) which will match the neighborhood. 

People will argue this to death, but if you read what constitutes "real estate activity", as defined by the Oregon REA, it requires a license.

If a person abandons property, as defined in section 304.001, on any real property owned by another without the consent of the owner or person in possession of the property, at the request of the person in possession of the real property, any member of the state highway patrol, state water patrol*, sheriff, or other law enforcement officer within his jurisdiction may authorize a towing company to remove such abandoned property from the property in the following circumstances:  (1) The abandoned property is left unattended for more than forty-eight hours; or  (2) In the judgment of a law enforcement officer, the abandoned property constitutes a safety hazard or unreasonably interferes with the use of the real property by the person in possession.  2.

NOTICE: It is understood and agreed between the parties hereto that written notice mailed or delivered to the property hereunder shall constitute sufficient notice to the buyer and written notice mailed or delivered to the office of the seller as provided herein shall constitute sufficient notice.

Its a "if or maybe," area of the guidelines to most lenders because most have never had a borrower who had so many properties and also because each underwriter may view the guidelines differently than the prior or next.To avoid this ambiguity, its important to package up your file correctly upfront with explanations, supporting documents, snippets from guidelines stating "what constitutes a financed property and what doesn't."