I was purchasing a duplex for $12,100 and everything was running smooth until the day of closing.Closing occurs, everyone gets their check and leaves.I get a phone call from the closing company 10 minutes later saying they discovered a $20,000 lien on the property from the electric company, and that they have stopped payment on the seller's check, and they are "undoing" the closing.The seller did not reply to the closing company until he found out his check was no good.

As long as the water is on and I can make sure the waste lines run smoothly, I will also not request an inspection period.

I am looking to transition out of my current job by the end of this year and would like to position myself for a future in real estate investing.

I'd sure get a smooth, sensitive approach down pat, get on these too early and you're a vulture waiting for the dirt to dry, too late you can miss the deal.

This way is there are no issues and everything goes smooth the seller gets all the money and the small reserve is released.

I have no idea the cost/difficulty of getting such a transition done, but at first glance it seems appealing.

How to transition from a fixer lead to a retail lead also needs sharpening, and maybe the listing agent could help with this - I'm currently thinking of something along the lines of "The property isn't quite what I"m seeking, but it looks like you could get full market value if it were listed....and I know someone that would work hard for you that I could put you in touch with."

Two were with the existing servicer and those were smooth with minimal fee's.

While my situation is running smooth, I have seen some very chaotic and unpleasant dealings with family owning property together.

I bought one through auction.com in 2012 and everything went smoothly.