I would go through the financials with a fine toothed comb and question/verify everything.

I work both sides of the fence and what I see make the hair on your neck stand up.Joe Gore

It's a 2 way street where the seller and buyer are sometimes out of touch in reality and both trying hair brained ideas to get above market expectations.Some brokers/agents say they have buyers and they do not have anything and just want to put on the MLS.

If the bank were here in town, but the headquarters`was in KC Mo, and I got that verbage and bid, then I searched for that contractor here in Springfield and didn't find hide nor hair, I'd first think the bank may have a legit contractor from out of my area to come in and make repairs since it is a larger commercial job.

While these issues are not directly be a requirement on Mike, having his partner get in trouble won't look good in the public eye and the RE commission may go through past transactions with a fine tooth comb, something you don't need.

Agreed Bill - getting on the board is a great idea, however I've been over their financials with a fine tooth comb and I honestly have no issues with the way they are currently running things.  

The roof is new and the interior finishes are nice.It has been divided into five small spaces with hair salons in each of them. 

Otherwise, I'm here you will see me back here pulling my hair out.Many thanks and best of luck!

Goodness this thread alone helped me formulate a great strategy for getting started.I'm an OCD personality so I've been combing da

I hope this buyer doesn't get stung too bad, but it sure looks like a rookie mistake unfolding here.Newbies, a few points from some of us "gray hairs".The numbers are the numbers.