Now I’m not saying that this company “Cashflowandequity.com” or Allied C.M. or the realtor (no I didn’t mention the name) are scammers….

My question is directed at the lenders here on BP.I understand we've learned the lessons of liars, high LTV, and ARM loans and have retrenched to a more sane and traditional lending practices, but, with the continued decline in home values, how do you evaluate even an 80% conventional loan on a property, knowing further decline is likely to erase some or all of the equity the buyer brings to the table?

Ironically, the Japanese approach was almost universally condemned as hopelessly inadequate.

I'm interesting in purchasing an apartment building with inadequate off-street parking.  

i know most of the time the offers will not be acceptedwht kind of language should i put in to ensure that if several offers are accepted i have a way of protecting myself if i dont have the money to purchase both or all of themdo you usually just enter a clause stating you need a specific inspection period where my partner needs to approve as well so i have an out if i cant perform ?

And, you can make your decisions without analysis paralysis or all the other insecurities that go along with starting a new adventure because that is what it is.Take Action.

While oral contracts can be binding, there is a statute of frauds that requires contracts of more than 1 year to be in writing. 

The others have some great advice as far as moisture remediation for the future and I'd follow most or all of that.It's not clear to me that this is actually mold.  

People who have been doing this for years can deploy $200K here and $200K there (or all cash if they do fewer deals) and it's a drop in the bucket, so no biggie if they make a mistake.

@Bobby HughesIf you are self-employed at least on a part-time basis you can explore opening a self-directed solo 401k, transfer some or all of your former employer 401k plan and then invest the funds in physical real estate.