One contract with an attached addendum of the list of properties should be sufficient.

However, if you have grossed-up your payments, in addition to paying bi-weekly, your monthly debt service may be sufficiently large the bank has concluded you could not service more than another 100K of debt.

That residential condo rehab project may require a low initial get in now amount and additional purchase money deposits as construction proceeds.IMO, I can make the argument that this is not financing a purchase, it's an agreement to save toward the sale price and when savings are sufficient, or at any time, the seller has the right to close.I'd say a lender would buy this more so than the lease-option as to the due on sale clause under the argument just mentioned.Another plus for the purchase agreement is that a buyer may agree to pay for improvements or repairs necessary!

I think paying in cash the first one all the way through and having some room for inflation of costs etc and then adding the second on cash after sufficient cushion has been saved up.

I'd probably just make a fiduciary loan to her, once appointed with sufficient powers to encumber.

I certainly agree with your point that perfect practice is important and quantity alone does not do it.

Duncan,Let's use a bit of common sense here in that LARGE corporations are a whole other ball game, they have an established business and have sufficient assets to guarantee said loan.

Finally, if there is not sufficient credit history and/or you are uncomfortable with the resources presented, ask for a guarantor.

The second half of a man's life is made up of nothing but the habits he has acquired in the first half""It's better to miss a good one than buy a bad one""Timing matters - be the first or last person to make an offer""It's a numbers game - the quality is in the quantity"I cannot recommend this book enough.

It's not uncommon for a wealthy person to have an attitude that things just don't apply to them, we're different you know.My thing is not to argue with people but to point things out, I can't change opinions of one who refuses to admit they might be wrong on an issue, not my job, they can do what every the like, I will respond when bad advice is given but only to clarify a point, not to get someone to change as that often just can't be done.So, yes, I'm done, my opinion pointed out sufficiently.