Even beyond those, I believe that I won't run into many vacancy issues.Despite the sellers opinion that the property needs "no work", I believe there are a number of things my partner and I would like to remedy.

She went ahead and hired a pest company, signed a contract for the next 18 months, to come and remedy the problem.

Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Before moving in we had to remediate some mold in the basement.

My approach is probably fairly unique in that if the homeowner wants to keep the house and would traditionally not be able to, I point them in the direction of their equitable remedies and have had success helping folks keep their house and work out a sweet deal with the finance company to boot; I've retained a minority equity stake in the properties as a result.In the case where it's a non-owner occupied property and the investor no longer wants the headache, I negotiate either an acquisition in trust of the LLC/Corporation that is holding the deed, or have the deed quit claimed to me individually.

My initial research uncovered the concern about getting title insurance, but your thoughtful explanation of how this could be remedied is helpful.

It is like any other breach of the contract where it can be remedied or the opposing party can use that as a reason to terminate for nonperformance.

If in Texas and if doing them correctly.The reason for this is a note is needed (and deed of trust) to allow a remedy in the event of default and to also solve DTI issues for the seller (by showing a new lender the note and timely payments).I hope I do not get BP crucified - it is just the way all attorneys who know what they are doing in Texas do them.Stay safe out theirAlan

Smoking leaves soot and deposits, so an additional cleaning/remediation fee of at least $250.00 per room/area will be charged if we determine that smoking/vaping has occurred.

Jersey Mike's does not want a Subway in the space next to them because they are both competing for the same client during any given lunch rush so every retailer wants to find the highest quality shopping center they can and protect their space by using an Exclusive Use Clause which, in this case, would give Jersey Mike's the exclusive right to sell sandwiches in the shopping center and gives them legal remedies should the Landlord lease to another tenant that sells sandwhiches. 

Think of all the things that can go wrong and you want a way to remediate it in the JV agreement. we did this once and the partner never started the work after a year so we deemed the note in default and were going to take back the property but they ended up selling another property to pay us off.