Hi Jacob: I'd be very interested to hear what your due diligence reveals, and also what reasons, if any, he gave you for wanting to pay this much up-front.

It does nothing but encourage the listing agent to reveal to other buyers/agents what the sales price homepath would agree to and then come in and offer a notch above that to take it.And anybody that has seen the Big Short can tell you that where there's a loophole in the system, there's a way for fraud to creep in fairly easily.

Further questioning reveals they are referring to business licenses.I'm not a big fan of government oversight.

The rules of Monopoly are such that a mortgaged property CAN NOT cash flow.I'm a little bit biased, to be fair, but I'm going to have to go ahead and disagree with that...Furthermore, a political agenda is revealed by the notion that you can just pay a little money to get out of jail.The premise that your real estate success depends on a role of the dice is additional condemnation of the game.

Secondly, the idea that a court will care if you use QuickBooks is silly and reveals your lack of experience in evictions.

Remember doc's have to be sign before the property is even revealed to anyone.

The page source view would reveal all words any color.

You aren't required by law to reveal anything unless they subpoena it out of you.

When I read that in the other thread, I thought it sounded so absurd there was no way it could be true...but sure enough a quick google search revealed it was in fact true.

Just sit down and put on paper what the results of all options are and the best scenario will be revealed to you in doing that?