The title search would likely happen simultaneously to your own due diligence and the lender's due diligence so it wouldn't really be separate steps.

Looks like they had a nice outdoor event.

We now own the beat-up POS property that we need like a hole in the head.

I will use a lower-cost QBO alternative, like Xero. 

That makes sense that the lenders would want skin in the game, but what I'm wondering is for a 60k-80k total deal, it seems like lenders are wanting 40-50% of the total loan.

Then, the last few months I find the electric bills to be exorbitant, like 3-4X normal.

I love the idea and I would like to analyze deals using a variety of strategies and model each strategy out, however I am struggling when it comes to the rubber meeting the road for analyzing the deals.For example, I would like to analyze deals in a single spreadsheet for various strategies such as seller financing, subto, traditional lender, external investor, etc. etc. 

DM us if you'd like more info on the Detroit market - which increased another 20% in 2024!

Trustor will not permit any change in any license, restrictive covenant or easement without Lender's prior written consent.Now the practical answer is no one is coming to check on the property most likely, and unless you default no one will likely care.

@Daria B. it sounds like you were the seller, you have the credit, and you did a 1031.