In NC, if you are getting a loan, the buyer automatically gets to extend closing 15 extra days past the original closing date if the delay is due to the lender/bank and not caused by the buyer.

There isn't any good reason to own residential real estate in a 1-2 member LLC aside from generating lawyer fees, but no it would not automatically disqualify you.

U r automatic Guarantee commission.

Would any of you happened to have a clause in your tenant lease agreements that automatically changes annual leases to month-to-month upon sale of the property?

Ask them to set you up on an automatic mls search if you need to learn the local market.Agents do get calls from people all the time who “think” they may want to buy something.

Since I'm not a lawyer and I don't know what state you're in, you'll need to find out if this property passed to this guy automatically because a living trust was in place, or if it needs to go through probate before he gets it, or if he was a joint owner with the sister.If all this is clean, then you should be able to buy it from the guy.

In addition. the notion that white flight automatically assumes areas that were good will be bad speaks to a very ugly bias in my opinion.

Not having an NMLS or real estate broker license doesn't automatically mean that what they are doing is illegal since there are provisions for one-off mortgage lending by unlicensed individuals (lending your nephew money to finish the garage being a good example), but there's about a 95% certainty that if you're doing it for a living and/or actively putting yourself out there as a mortgage lender of any form (like if they are doing enough volume that they use email templates...), you are supposed to be licensed.Another flag is anyone asking for up-front fees before you're even in escrow, or fees once in escrow that exceed a normal appraisal cost.If BOTH of these tests fail -- no license AND up-front fees -- they're almost certainly a scammer.

Start with what you can afford and then setup automatic investing (weekly or monthly).

That way anytime a tenant cancels service, it'll automatically revert back to your name.