I would expect the fact you are a real Estate Agent will NOT help your case in any actions, as you are a Quote "PROFESSIONAL" Unquote in the field!

Case in point you buy a home with no money down and rent it.

Hey Christina -We're meeting contractors at the property tomorrow to start getting bids...we haven't yet gotten any prices, but I'm hoping we can find rental-grade contractors for similar to what we found in Atlanta (perhaps a bit more).As for water in the LL name, that's on my list of things to investigate, as I know that's the case in Baltimore City.

This case didn't extend protections to BFPs when an actual defect in the statutory procedure was detected, as might be the case in the OPs question (or perhaps not!).

Case in point, I have been working on a ground up commercial 'build to suit' development project in Ontario for a US-based tenant for the past 4 months, but just last week, they pulled the plug on the deal.  

Usually, I'd say consider another 5% or so, depends on many factors, for maintenance, but I won't in this case. In

Case in point: six months ago I went to a foreclosure just for fun.

That didn't sound right to me, so I did some research (I'm not an attorney, and this isn't comprehensive research, btw)...Based on reading the link below (and doing a bunch of follow-up research), this appears to very much NOT be the case in California (and likely every other state based on the Statute of Frauds).  

James Wise no we never opened it but we were gonna do a menu with everything under 500 calories using low fat sauces, low fat cheeses and high protein/low fat meats, etc. great idea but have no clue about the restaurant business think I will just stick to real estate!

You will recognized all of your gain if you trade down too far in value, which looks to be the case in the description above.