The at risk amount here would never bankrupt anyone (god I would surely hope not) so the findings of Round Two in this case doesn't matter much, other than all those reading the Tenant Forum have be cautioned on what NOT to do.Here in Calif, filing for an Entity is an annual $800 fee, so not filing would cover the 'lost' from this case in two or three years (actual deposit in question never stated) - - some $15,200 in my 19yrs of no law suites.IMO, advocating an LLC as protection in this case is laughable. 

Not sure if that is the case in your locale.

George, if that is also the case in Boise do you suggest I get started with city approval process so the land will be an easier sell to a builder?

If this is the case in your market, then this is a red flag.

http://www.mercurynews.com/2016/09/25/bay-area-wag...Case in point: Over the five years that ended in July, the median home price has rocketed up 94 percent in San Mateo County, 74 percent in Santa Clara County and 67 percent in San Francisco, according to figures from the CoreLogic real estate information service.

She told me that is not the case.  In

If the property still cash flow's under this stress test: expected returns are to the right of the base case in the analysis, positive returns over 10 years, and 10 year proforma showing acceptable returns  then it is worth looking at. 

I find that it is often the case in really cheaply priced properties, say in the under $75k range.

I would assume the worst case in my estimate2.

Thus, for all 'negative terms' there must be 'positive terms' that outweigh the negative.Buyers, and sometimes sellers, often fail to recognize this point to their own detriment.Terms to consider:Property ‘as-is’ or with inspections and associated repair allowances-Termite and pest inspection-Radon inspection-General conditions and repairsPeriod of time until closeMortgage contingency or cashInsurance contingencyWho pays closing costs-Deed preparation-Recording Fees-Realtor and/or attorney fees-Title insurance-Taxes (current and past)-Liens and utility bills outstandingEarnest MoneyContract Price(there may be a few I am neglecting as I did this from the top of my head)Therefore, if ‘contract price’ is low, which is assumed to be the case in this thread, it holds negative weight.