In your case Jon, what you could not forsee is that because of the recession most of those popular nightspots went belly up and this trendy area became a run of the mill neghborhood where the prices never really recover.

Pigs get fat-Hogs get slaughtered"Move on to the next deal...........Congrats IF it closes!

money back at settlement - some owner financing - possession with a delayed settlement - a one year guarantee of the furnace - roof and electrical system -- after the settlement, a home warranty, new appliances - or a fat reduction in price - etc.My blog on Negative thinking may help you when you are negotiating for keeps.Charles Parrish

Philip it depends on if you are holding for a few years for a run up in a market to exit or are you holding in a long term growth area for retirement etc.Capital risk exposure comes into play as well.If you own a 100k house out of your net worth of 2,000,000 and it goes belly up it likely will not have that great of an impact because if your other investments are sound you can recover that loss in a short period.If you buy a 100k house and have 20k leftover and the deal goes bad it could take you under.Investing is like taxes.

This means you will have to do a bit of networking and possibly direct mail to get a big fat Cash Buyer's list. 

This way if and when the crash happens, your all money is not tied up nor you are belly up.

You don't want a fat HOA; it's money down the drain and doesn't build equity OR help with leverage.

Just don't place all your eggs in one basket as one turn key provider might go belly up and then you have no buyer and have to start over.Hope this helps.

I might in e mail.. sales is belly to belly I want to talk to them.

And there are cost overruns (like the general contractor who went belly up in the middle of our hotel project.