Pooling money eliminates this as an issue.

Not many super bargains to be found.I think the market for flippers is pretty good if you want major projects and mold elimination.

We use Docusign and have gone nearly paperless. www.docusign.com This also eliminates missing initials or sending the document around to a series of people.

You can always get a copy of the title binder at closing and have the title company "mark it up" (initial the elimination of exceptions that will be taken care of out of the closing - ie. satisfying liens, taxes, survey exception, mechanic's liens, etc.)

In each case a simple consistent policy helped mitigate or eliminate a legal proceeding.

This eliminates control of the deal to the "managers" in the JV because he who controls the funds controls the deal.Has anyone come up with a good way to make a JV work for something like this?

In addition to the obvious contribution limitations, the dangers of self-dealing, and the liability risks noted above, a self-directed retirement plan also eliminates the ability to take advantage of significant real estate benefits as depreciation and many business deductions.

The lender will be happy to make a loan and you can get paid.I have seen banks counter with a faster closing date, I have heard from REO agents that the bank wants to get deals closed by the end of the month to eliminate additional costs, etc.

Scoping out neighborhoods is a survival tactic for me.Physical signs that I look for -* Dumpsters* Contractors coming and going* Elimination of poverty industry (Check cashing places, title pawns, pawn shops) in favor of more bohemian establishments (Coffee shops, box stores, cafes, etc.)* Clean-up and neighborhoods taking care of themselves.

Why not simply get the home appraised and do an FHA at appraised value, giving the bank 3.5% down and completely eliminate the owner from the equation?