The owner owns the property in its entirety, including both the house and the small plot of land it’s sitting on.

Worst case, the entirety of the $23,400 contingency allocation is subtracted from the $42,000.00 leaving a balance of $18,600.00 in the account + the $5,000 if not utilized.I would still consider this a win given the balance in the account (approximately 10% of purchase price even if full budget was allocated) pl us equity pay-down and whatever appreciation the property sees.

Please reread this thread in its entirety.

I have no idea if TN has Tenancy by the Entirety or if it is Community Property state.

Seems ill-advised to purchase a home where the entirety of the electrical/plumbing/HVAC might be inoperable once they hand the keys over.Thanks in advance for your direction,

You would have to be COMPLETELY passive with other investors running the business in it' entirety to accomplish that. 

Got your book yesterday @Al Williamson, I'll make time to read its entirety by next weekend.

You should read the act in it is entirety and/or contact the writer or other competent legal counsel.

I told each person that came that all adults that plan on living there needed to submit an online application no later than an hour after the showing, and that if there was already an application on file, that I needed an email confirming that they were still interested after touring it.I then was able to filter through the applications to see who met the minimum screening criteria- 1. did they fill out the application in it's entirety, and 2. do they make the minimum amount of income required.

Is it just a ghost town that should be avoided in the entirety?