I'm wondering if someone from this forum ready to guide me basics of RE and what needs to be done to grow myself.I live in San Jose,CA , working as IT engineer but want to enhance my career in Real Estate.Thanks for your help in advance.

Craig Montesano,I'm aware of the Utica Shale/drilling activity in the area.If Shell decides to exercise the option on the Plant in Monaca, Pa., it should help the entire region.

My first exercise would be to simply find the name, address, and phone number of the current owner.

Having the common public running around trying to cure clouds on title is an exercise in futility, since they don't deal with this stuff everyday.

Hopefully if the deal goes south, the borrower makes good without the lender, whoever he is, having to exercise his rights under the personal guarantee and go after other assets.

Even if the option gets recorded and somehow the lender becomes aware of it, they are unlikely to exercise the due on sale clause as long as you keep current on the payments.

The buyer will have an inspection period, either now or after lender approval which they might exercise.

Not sure how you plan on purchasing this property but for the sake of this exercise Ill assume you are going the standard route with 20% down.

.- The city offers a neighborhood facade program where they pay 66% of exterior enhancements up to $45kWith that being said, did I do ok?

The lesson learned ... 1 - It's good to know your lease clauses inside and out and not need to exercise your authority.2 - Use spouse as a "higher authority" figure to buffer conflicts with women tenants.3 - Draw on the collective wisdom of my BP family to vet responses to difficult situations.