Such terms such as "Arm's Length", "Meeting of the Minds", "Consideration", "Good Faith" ,"Bilateral and Unilateral", "Laws of Agency" "Servant and Master" and "Intent", "Ability to Perform" what "Fraud" is, different types of fraud.You are or can be a principal when you have the capacity to contract, give consideration, have the intent to perform as stated in the contract, have the ability to perform, that you deal in good faith in your own best interest, that you disclose facts that put another party at a significant disadvantage, do not mislead or misrepresent yourself or material facts, that the purpose of the transaction and the means used to perform are lawful, having a lawful purpose.  

Where I am, lack of central heat & air is a huge competitive disadvantage, despite the fact that the mountains regulate the temperature and we have few, if any, 90+ degree days, nor few days below 30 degrees in the winter.

I see everyone talking about leaning towards a HELOC but I will tread carefully and fully explore my options before getting this (I see "cash out refinance" and home equity loan are also options, leaning towards HELOC but will need to understand the advantages and disadvantages).

Today I would probably put them as about equal, but with different advantages and disadvantages to each.  

I was told by the county transfer people that this is normal for my case, and possibly to my advantage because nosey people won't know what I paid.My question is this: as an owner, is it to my advantage or disadvantage that the purchase price on the home shows as $0?  

@Jeff Valentino What is your take in the advantages and disadvantages of working with investors versus retail clients?

LizI want to do some of the work myself but never living in a home puts me at a slight disadvantage and want to know that I have a GC when I need her/him.  

@Chad CanalesIf you are looking at a long term buy and hold situation, a hard money loan is probably not your best option as the rates will make cash flow difficult.There are distinct advantages and disadvantages to either an after-tax leveraged purchase or a investment into the property with a self directed IRA or 401k.  

Do you foresee any advantages or disadvantages with this domain name?  

If they have a Realtor (buyer paid) and you do not have experience with the RE sale process you will be at a severe disadvantage possibly losing more money than you planned on saving.