This is where you would get your inspection done etc.After the option expires or Is dropped, the Earnest money is only returned if the property doesn't perform. 

This upcoming  lunch meetup  will have guest speakerTony Robbins Peak Performance Strategist presenting:Turning Action into Results WorkshopWorkshop Benefits:-Learn 3 actions you absolutely must take to be successful in any business_Destroy the 2 obstacles that are dramatically limiting your results-Master a proven method for tripling your referrals and leads in any interactions-Develop an unshakable mindset that will give you the competive advantage in your industry.

Make sure to research or asked them to send pictures of their work if they don't have a website, and get reference before using them to perform.  

Also they may have some current owners looking to sell property and they already will know how those properties perform. 

They pull that money out of that location into another better performing location and then bankrupt that business.PERSONAL GUARANTEE all the way especially for single entity remote LLC.

You have to have your own test performed and it has to be in your name.

If I can not get access to the property, I will assume anything built before 1982 will contain asbestos/lead in common materials (based on my experience there's a 90% chance this is the case).I believe Texas requires any "contractor" performing ASB abatement to have a license, which means Texas has some regulations established regarding removal & disposal.In California, if you are the property owner you can perform the removal/abatement yourself (assuming SFR), the only requirement is that the asbestos waste be bagged up & taken to a designated facility (in my case in Santa Barbara there is a facility at UCSB where homeowners can take the waste at no/minimal charge). 

I think what you are looking for is someone trained in the ways of real estate investing - an agent that will:Introduce you to FSBO's - Expired Listings and other real estate opportunitiesWill be your fiduciary representativeWill make offers for you on suitable real estateWho understands creative financing; delayed settlement, seller assisted financing, assignment, wholesaling, REO, tenant selection, soft money mortgages, tax salesWho will be responsive to your financial goals and a person of integrity and trustHelp with direct mail and street marketing to locate transactionsHousing and rent court marketingAbsolute aware of financial and contract clauses as well as contract engineeringCan assist in - delayed settlement - automatic extension, performance mortgages, subordination, principal mortgages, options and joint venturesAware of bidding on REO, forclosures, tax sales and public auctionsUp to speed on commercial real estate, lots and land as well as businesses with real estateHow should you treat this wonderful person (if you can find one) -They should have a commitment from in the form of a Fiduciary Buyers Brokers AgreementYour agreement to pay them a commission on any non-listed deals they bring youA bonus agreement for great deals that you closeA gas budget - or a cash payment for gas Kind words and respectTo be sincere and active with the agentRespect from youFirst class training on how to represent youSometimes an equity interest in the great deals the agent has initiatedListings when you are ready to sellYour cooperation - all your financials, tax returns and other information that will help your agent close dealsA few free lunches ----Good luck --- Charles

Might be difficult to sue for specific performance but lost profit may be possible.A key is to make sure you can prove you were ready, willing, and able to close on the closing date.Otherwise, we need more info.

Then my mortgage company had a list of things I had to submit, including inspections they performed, before sending back the money.I would think anyone with flood insurance would have to go through the same process of working with the mortgage holder to get access to the insurance funds.Now if the government steps in and offers money to affected homeowners, no telling what rules will or will not be in place around those funds.