What's worse is that many all too many people now believe that the real estate bust was the result of an unbridled free market run amok when in fact it was the result of the inherent moral hazard of simultaneously encouraging the "ownership society" through a Federal Reserve policy of artificially low interest rates and government bailouts, quasi-government corporations backing loans, and other tinkering to prop up an otherwise slumping market.

You'll also want to check with your CPA about the tax implications of moving the house in and out of entities.Be sure that you also check your hazard insurance and title insurance each time you re-title the property to be sure that the proper entity is insured.

Now, a great percentage of the Park Memorial homeowners have "Extreme Hazard" stickers on their door, their parking garages are "unsafe".

I've read a few recent articles about deflation but there a number of safety mechanisms in this country now that we didn't have after the crash.

Properties that are polluted with hazardous materials on them.

Any hazardous material that will cost extra for disposal and removal?

We are electrical contractors so there is little difference, but there are some areas I can give examples:Homeowners want a Square D QO panel which is rated the absolute best for safety (and has been for years), rentals want Homeline or low end equivalent.Fixtures can make a huge differece - $4.97 Home Depot special for rentals, selection process for Homeowners (HOs) to pick the perfect fixture as per their individual tastes.HOs may want Decora style switches or receptacles (sometimes in screwless plates or specialty colors), REIs want economical, standard in white or tan (stock).REIs often have very little hand-holding.

But, when it comes to personal safety, I could not live with myself, if someone was hurt or killed due to my negligence.

I do know, from having made offers, that I have had to sign numerous papers, including mold, pool safety, lead based paint, etc, and a lengthy purchase contract.

But it would still be nice to have time to do an inspection if we can to make sure it's not sitting on a bio hazard lot or something.