The repair people when they let them in can tell the property smells of pot so it has had its challenges.

I think this is one of those things that stirs the pot but will never happen.

It seems like every dirt bag in the state has moved North to try their hand at pot farming.

(not 100% sure of the nuances of a short sale)If the sellers are in need of a short sale, they don't have the strongest negotiating position...I might ask for more time for the stated purpose, or you might have to withdraw....If they push back perhaps offer more consideration ie: maybe you put more earnest money into the pot to show how serious you are or maybe pay for an option?

It is my belief that he wants to give it the ole college try and if he fails, he's going to simply shrug it off and move on.The uncomfortable silence before we got off the phone definitely made that clear to me.I'm not quite sure what's going to happen tomorrow, but I don't expect the stains to come out and I don't expect him to voluntarily agree to add some kind of acrylic or other sealer to cover them up.

I have a bunch of tenants.I will tell you what I tell my property manager.Do not get over involved in tenants problems and lives.Simply collect the rent and handle repairs and make sure the tenants are in compliance with the terms of the lease.I am very picky in who I allow to rent in my buildings.I turn down about 3 to 4 out of every 5 applicants.No pit bulls,aggressive breeds of animals,sex offenders,felony offenders,drugs,loud parties,unclean tenants,evictions from other apartments,no smoking inside of the units,etc.I go through this the first time I meet a potential tenant before I say anything else.The deadbeats leave real quick and the good ones like that I do that upfront and want to apply for a unit.You should have researched the tenants on the lease way before closing on this property.At the least it would have given you leverage to drive down the price further to take on a bigger problem.A good deal is only relative to the problems you take on when purchasing.Do not kid yourself on the drug dealing.If they grow pot,smoke meth,etc. the costs to remediate the units after you get them out can put you under.Just go talk to the sheriffs department about drug damaged units.Did you pull a criminal report for the area before buying??

I've heard of this with tenants growing pot in the house.Not saying that's the case (there are lots of reasons to pay in advance), but just something to keep in mind.

The whole story too is that you need to work at it, don't buy all the notes and sit back, you make more churning the pot, buy it, modify, refi, have the borrower sell, get borrowers to move up, expand as you make things happen you want to get paid earlier than the maturity.

Sweeten the pot as much as possible for the bank.

No dipping in and out of the cash pots when it is convenient.