When he does his DUE DILIGENCE he'll find out that his $200K note is maybe worth $140-$150K, at which point he is quickly going to realize that by just cutting his price to that range he opens himself up to a much larger market.People who have accumulated sufficient assets to own a $200K property, free and clear, have probably lived long enough that they check out things they are told.

I can find sufficient good deals, and occasionly a great deal here.all cash

They can be safe transactions, they can work, but I have yet to meet anyone, I mean anyone, including attorneys who have boilerplate L/Os, that covered the bases sufficiently.

If they are just putting it on the MLS and nothing else, then 4% should be sufficient (3 for the buyer's agent and 1 for the listing agent).

That's why it is so critical that the management of the project must be very familiar with tax credit requirements and have sufficient experience to be selected to administrate programs.

Depending on the stability of the purchaser you might want to consider carrying a small 5 to 10% sub-ordinate lien but keep in mind that they (seconds), aren't worth anything should the borrower decide not to pay.There's 100% financing availble for individuals having credit scores as low as 570 sub-prime and 95% LTV starting at 540 provided they possess sufficient tradelines.

Well, some of my tenants decided that the air conditioners weren't sufficient - never mind that thousands of us were suffering in the relentless heat and humidity and others were actually dying.

Implicit abandonment, means there are sufficient facts that any reasonable person would necessarily conclude the property owner has in fact abandoned his interest in the property.  

Is a simple real estate contract sufficient?

The liability and risk is just too great for an educated investor to undertake a rehab project without sufficient room for profit and for error.