My concerns center around unknowns: I have no clue as to what's required, the time involved or the cost of resolution.

If they object to items that they would like fixed or given a credit for and you do not come to an agreement by the Resolution Deadline (or whatever your terminology is for your contract), the contract terminates (in Colorado, the following day).Typically, a Buyer is set to perform a contract under the Liquidated Damages clause which means they sacrifice their Earnest Money IF they do not close yet everything else was fine.A Seller is typically under Specific Performance which means they have to close if all conditions are met or the Buyer can potentially pursue legal action.The general gist of it anyhow.

Though the gravity of these issues faced bythe rental housing sector prevail yet it contains prospectivefor resolutions and remedies to overcome these predicaments inorder to provide people unable to afford buying houses so thatone of their basic needs to survive can be obtained to theoptimal level.RegardsReal Estate Agent

Andrew Johnson “I use Appfolio out of santa barbara, ca its definitely not free and my property mgmt company passes those costs down to me which I think is around 50-60 bucks a month based on number of units under the service.I am able to see all reports from rent rolls, cash flow statements / trailing 12 month cash flow, tenant ledgers, maintenance requests, dialog between tenants and mgmt staff, resolutions to maintenance requests, move in pictures, move out pictures, or video, and many more features.What I like is that it allows the vendors to be in a dialog/text/chat box so they are prepared (vendor) prior to job assignment with lockbox codes, scope of work and pictures before they even go to the site so we dont waste time figuring things out and run up a huge $$$ bill for lack of efficiency.”

The new smart phones have more than enough resolution to record a move in/out video.  

In this case, the entity is a non-profit corporation for which the tax status has been compromised and the low tax benefits makes the building or operation a burden to the seller.In order to acquire title and control of this asset, you need a seller with standing, in other words, you will need the seller to produce all legal documents necessary to satisfy your title company that the Article of Incorporation and corporate resolution authorizing the officer(s) to sign purchase and sale, escrow, tax and deed(s). 

Also need provisions for dispute resolution.

I found a duplex, but am reluctant to purchase because the water, gas, and electric are not metered.I understand it can be expensive to setup a separate meter with the city, but am not sure the costs of gas and electr...

Keep in mind that forming the company involves filing with the Secretary of state, drafting the Initial Organizational Resolution as well as the Operating Agreement.

If the release is not signed by both the seller and buyer, there are set dispute resolution procedures to be followed.