If the house then catches fire, you can bet that Gross Negligence will listed as a cause of action on the lawsuit.

*The catch: he also has tax liens in HIS name, $ significantly above the value of property.He has not received a deed or transferred the property into his name.Question: Is he able to negotiate to pay off the 30k lien (without dealing with his own tax liens in his name), or sell the property (un-insured obviously) with the irs lien still attached?

A friend approached me to help him with a property he inherited from his mom passing where a developer wanted to buy from him for commercial development.The developer after me catching everything in the contract to tie up the property with the seller asked me to work with him on the other parcels as he would rather be working with me than against me assembling the properties.Off I went after that for about 3 years in land development and then went into existing investment properties.I did things kamikaze style and figured them out on my own through the school of hard knocks.In your situation if you are focusing on apartments I would do the following.

But the catch to this was that for the first 15 days the property was listed, they were only offering it to owner occupants, after the initial 15 day period, anybody could buy it and do whatever they want with it. i'm not sure the reason, i would assume to give owner occupants the chance to buy it before investors?

I agree with this, but there is a catch here; we don’t deal in widgets, we play with hundreds of thousands of dollars and at times a $15 bit of information can make you thousands...

Also, once the loan is accelerated, catching up on the payments is not an option.

.- LS uses a catch phrase "Real Estate is Easy, People are difficult" implying that RE is easy, you just need to be able to deal with various temperaments of various people involved in the sealing of a deal.

Just like Time Magazine labeled it back in the 80's when it made the cover for one of the highest teenage pregnancy rates in the country, it is "a washed up mill town" and always will be.

He catches things I miss, like a safety net.

Hillsborough County wants Occupational Licenses on all rentals, and they do have occasional enforcement, but their only way of catching you, from what I have found, is through finding a FOR RENT sign on a property that doesn't have an occupational license.