Birddogging is illegal in Az in that respect, you can search the birddog threads and find that if you enter in an LLC and act withing the body of the seller you can avoid that issue, but the property needs to be in the LLC name.

Not only have I been around the block, I stay current with regulatory requirements and the market so thanks for the concern, but I got it.

Such as full body systems in showers, correct glass door installations that are thick and durable.The NAME is more important than the look at a certain level.

I AM VERY VERY SORRY IF ALL CAP OFFEND YOU AND ANY BODY LIKE YOU; BUT I CAN HARDLY SEE SIR; SO THERE IT IS AND IT IS WHAT IT IS DEAL WITH IT; I DO. 

There are basic things like the condition of the engine and body and tires and interior... but then there are other things like how did the owner treat the car, or was it involved in a crash, is it stolen.... etc...

Also - I haven't seen a lot of tutorials covering this point, but since there are a lot of performers originated post-Dodd Frank, be mindful of regulatory/compliance items that may impact the loan.

Again, I'm just trying to figure out where potential bodies might be buried as I go down this path.

During the GRC they about terminated/called my loan, but my 5 yr reset and review was about 6 months before they completely 'lost their appetite for commercial assets in this uncertain regulatory environment.'

Unless it's illegal in your area for contractors to take on work without a license, or local code prevents a GC from pulling permits, the only real disadvantage is that the contractor can't be censored or punished by the licensing body, which usually takes the form of loss of license and fines.

Between the regulatory environment and fire insurance uncertainty, I'm out.