Causing several inches of water to flood the home, killing the deal.

You regrade the land around the external perimeter of the house or in extreme cases add a sloped 36-inch concrete perimeter, paint the interior bare walls of the basement with Drylok to mitigate at least SOME of the casual problems,  and run large dehumidifiers down there.Of course, in order to do this, you've got to demo the whole interior of the finished basement to put in interior French drains.

Hello BP community,As I inch closer and closer to making my first deal happen, I’m wondering if I should open up an LLC.

For example, most NJ towns have a neighborhood near a creek or stream bed area that has homes that are technically in a flood zone, but the homes located there frequently have raised foundations from years ago that planned for the infrequent time when the creek put 4-6 inches of rainwater into their yards, and often have basements with dirt floors. 

(Ie- either repainting or covering with quarter inch Sheetrock?)

Originally, I was going to go over it with 1/4 inch drywall but with taping, sanding, priming, painting, I don't have that much time. 

This may be the strategy I was looking for.So you're saying as long as the client does not fully modify the note at once, but simply "rewards" the homeowner with principal forgiveness for paying regularly and consistently, we could possibly avoid the full inclusion as long as we don't make a substantial change to the originally issued note.In your opinion would you think they could repeatedly inch the principal down just under the 5% threshold each year to avoid it being "substantial", or is the 5% the maximum total changes to the original note.

It was $50 per snowfall over 1 inch - $65 if they had to throw salt too.

Do you really l want tenants walking all over you... if you give some an inch, they'll take a mile?

VA MD and DC are all great markets and all have Brokers that do not like Seller Financing, that is buying on sub2, lease option (assignments, sandwiches) and wrap around mortgages, all legal but Brokers want "vanilla deals" no risk to their E and O.If you read Shift by Gary Keller of Keller Williams, et al, it says, in Ch 10, Creative Financing,...Creative financing… This is the term we use to describe creative ways to resolve affordability challenges.