They can present financing issues when credits are allowed improperly as to what lenders allow.They are easily understood but often spin off types cause them not to be a true option or they may present unwanted consequences such as having to foreclose.A better alternative usually is buying Sub-to, wrapping a mortgage or using a note and deed of trust/mortgage.

You'd think it would be understood that when an accountant or attorney speaks in a forum such as this, that they are making general statements and not specific advice, but licenses have been revoked for such things.

I am not certain I understood your question correctly.

Warranties and representations made by the seller need to be examined and exclusions of any warranty must be understood.

@J Scott Yes, understood and we are in violent agreement. :-) However, there was the promise of a wholesaler specific tool.

The lack of a response is the end of the negotiation.While taking the classes for my license, I understood that an agent has an obligation to pass on each and every offer to the seller.

Is it understood if you don't have the information you have asked for from the seller?

I enjoy 'networking' both professionally and personally as I learned long ago that the leverage achieved through a think tank of like minded, forward thinking entrepreneurs and professionals can never be fully understood - and should never be underrated.

I did the banking end myself, and admittedly that was a pain in the a$$ - I had to go to 5 local banks before anyone understood what I was wanting to do.This was in 2010 I think, and cost about $500 total.  

Other than that, that hard money part I understood perfectly and it makes great sense needing a big down payment such as 25%.