Hind sight being 20/20 we should have held on and rented them.

Your tenant is at fault and should be held liable, but if there's no money, it's unlikely that it would be worth the effort.

We went and looked at it together after the meeting and I told him I'd buy it if his numbers held.

When the deposit goes hard (non-refundable) and we are moving to a close we will create the new entity which typically is an LLC.Whether to create an entity to hold the property entities is another question and there are many dearly held opinions about this, and I'm sure there are many forum discussions on that very subject.

I spoke with a mortgage broker today who shared with me that title must be held for 6 months before I can sell a rehabbed property to a buyer who qualifies for conventional financing.Is this correct?

Seems there could have been more room for negotiation and the tenant could have been held more accountable.Curious about your contract having a clause that states the tenant is responsible for the first $50 of a maintenance charge.

She has held the property next door to me for at least two years.If she wanted to sell them to investors - or to anybody - why ignore my request to buy?

. :)I was going to leave it at that, but the bank foreclosed on the legal description, the property it held as collateral.

Wayne, Patrick is correct as a licensee is held to a higher standard of care in dealing with the public, they are seen (blindly in some cases LOL) as having greater knowledge and dealing from an advantageous position, it's viewed that way in all states but rules vary. :)

There are additional risks involved than those of held individually.