So you have your marketing suste in place and a finally have a motivated seller call you.

But with so many ethics, agency, and disclosure laws in the real estate biz, seems often one has to walk a fine line.

They have brokers, attorneys, contractors, assistants, working like a finely oiled machine.

Let us know how trying to inforce a fine for smoking works out for you.

Yes to a degree, they pick up but generally don't do what I would call a final ready clean.  

But they say there’s a fine line between insanity and genius and this guy personified that.Basically I had lunch today with a mortgage modification expert along with my a partner and a lawyer friend who knew this guy.

I don't know what goes into a closing in PA, but here in TN we have to sign off on a final walk through before the closing can be completed.

As a final example, what if you’re comparing small multifamily properties where one has split utilities, and the other has just one heating and one electrical system where the utilities costs are borne by the landlord?

Thanks Account Closed the seller has already agreed to a final price due to the approx repair cost. 

LOI is typically non-binding on each party unless it says so.If you have already executed a purchase and a sale without a broker or an attorney looking at it and you do not have the experience that was a bad move.There are usually inspection periods built in and a finance contingency where you keep all your EM but it varies what is in the contract.