Honestly, I'm shocked that the lease has a provision that the lease can be terminated if the property changes hands.That's a violation of the principle that "the lease runs with the land."

I’m here to ask a couple of questions regarding this preliminary stage in finding deals.

It is the worlds financial capital and even withstood the shocks of the 911 attacks.

that's all I have done my entire adult life since I was first licensed at 18.. there is a difference in being a retail real estate sales person and using a license to further your investing goals.Its not an easy business by any means to be a retail agent and there is a high burn out rate.. not as high as wholesalers but its at least 50%...If your an ACTIVE investor I cant see how you can do without it.. if your fix and flipping in my mind its mandatory.its about 2k a year to keep sometimes less and If your business does not allow that or like some say the cost is to high then in my mind your not really in the business its a pittance to spend to have access to all the info and be in the club.if your goal is to be a lifelong landlord then work for a commercial brokerage that specializes in cash flow real estate just being there will open up doors.if by chance your very good at sales and have a very large warm market you may shock yourself in how much money you can make just in transactional real estate.. 

I would be shocked it you could pull something like this together in two weeks from a traditional bank. 

I find most of my clients from out of state are shocked when they get here and find out a 2,000 square foot house is 1,000 on the main and 1,000 in the basement.

We were shocked to hear from several of our tenants that the leases we were given were not the most recent copy. 

Shockingly someone is open to it but they want $5,000 non refundable earnest money if my financing falls through.

Welcome to the site Jeffrey.When looking at the Cleveland market I see a ton of investors get totally shocked by the bottom dollar prices you can find in some of the rougher neighborhoods of Cleveland.

Progress payments to be made upon your inspection and approval, holding out at least 10% until final inspection and approval of any permits, and 30 days after completion or until unconditional lien releases are submitted for all subs and materials for which preliminary 30 day notices have been filed.In larger time sensitive projects you can also negotiate for of a performance bond which would compensate you for failure to complete the project on time and to the specifications in the contract.Always check the status of the contractors license with your state contractors licensing agency and verify that the guy signing the contract actually is the contractor whose license is being provided.