He said no bank will do a cash out refi on any property that is not your homestead/owner occupied due to a Texas statute TX50a6.

There should be a state statute mandated form, make sure and use that.

Assuming the statute listed above correctly means you can have the boat in this situation (I offer no opinion on that), then you would have the right to take the matter to court so the court could order the title to be put into your name.

The other way to handle it is to have the seller deal with it before you close, or as a condition of close, assuming your local statutes allow such an amendment to survive close of escrow.Also, make sure the tenant deposits are made part of your escrow close.Just thoughts.

See if your state has a statute to allows you to make immediate repairs on "Health and safety" items.

Here's your state's statute on the matter:http://www.leg.state.fl.us/statutes/index.cfm?

The mechanics may vary by state statute or even local court rules, but the more important part is that you have a seller who wants to sell for price & terms acceptable to the buyer.

Ask your atty for more details and to show you the statute is you're skeptical.

Not really gray, more like black and white to lose your tax statuts and maybe worse.Place yourself in the corp as an employee or the executive director with a salary, not on the board.

There is a state statute on the books about splitting lots that have two houses, if they don't qualify for subdivision under normal town requirements.