That said, it’s difficult to say whether or not the addendum terms are helpful - or even legal - without seeing the language.

There's a number of large developments in the works that will continue to reshape the University City and Center City neighborhoods.

Secondly, the language of the agrement is going to be highly dependent on the project type or investment strategy.

I am looking at a 7 bed 3 bath townhouse that is currently being used for student housing near a prominent university.

Adam Hey Adam, In Wholesaling, you are acting as a principal (buyer) in the transaction so you would just need a regular purchase & sale agreement with "and/or assigns" language and a marketing clause for you to be able to promote the property while you are under contract.

Make sure your contract includes 'and/or assigns' language and a marketing clause to be able to promote it.

Regarding debt limits, while there's no law against considering debt, the Fair Housing Act mandates avoiding language that might be seen as discriminatory.

@Noa Zell, here's the actual language defining MR1 zoning:https://codelibrary.amlegal.com/codes/los_angeles/latest/lap...I'd study this and see if any allowable use would generate more rental income than auto repair shops.

Call the number on the letter, if you/your parent has trouble with talking to them due to a language issue ask for a translator.

Look for a "Financial Peace University" class hosted by a local church that will teach you how to budget.