It took a few weeks to determine all of this-if you’re serious, consider asking for an extension now, citing resolution of this unforeseen issue.Good luck!

I didn't respond to any of these attacks as it was a neighbor / tenant dispute at this time, and a tenant / landlord lease violation.The tenant and I had a discussion, the dog was not permitted back on the property and her options were (1) get rid of the dog permanently and stay at the property, or (2) mutually terminate the lease and find a place that will welcome her high-risk breed.

One of the biggest reasons these are important is to avoid he said/she said disputes involving the deposits.

The picture resolution does not allow me to see the numbers really, but from rereading the thread it looks to me the following is the correct structure of this deal:Money out:     to the bank -$256k     to the seller -$993kTotal money out -$1,250kMoney in:     +$1,620k"since an amount of $256,696.26 has been wired to the owner's mortgage company, our pay-off to the owner is really $1.25M less $256,696.26 or $993,303.74"What am I missing?

Finding tenants, leasing, accounting, maintenance, tenant relationship, issue resolution, turnover, and a ton more.

That is why I am disputing.

I explained what my resolution was in order to ensure all of the sellers concessions are used.

@Tamara Reusse A prescriptive easement would normally imply known usage over time without a dispute.  

There's also the additional hurdle of cataloging everything you're furnishing, and any disputes you may have at move-out over condition, what counts as normal wear and tear, and things like that.

Hi All,I'm relatively new to BP and have made a NY resolution to buy my first home this year.