We have federal and state (cali) bank examiners here on BP, what has been put out about banks is not totally correct.DL, I stopped reading half way through as you continued on making an assumption.Loan seasoning has to do with the market value, plus hard costs of improvements within a market term.

They didn't want to bother me, so they never said anything.Anyway, a couple of months ago 1 of the guys collapsed with a heart defect and supposedly during some examinations they said he had a little mold in his lungs.

The % of exchanges examined each year is so low that it is very difficult to get a true sense of what level of "intent" demonstration is truly appropriate. .

One thing you will want to be sure to examine is whether to pursue a tax-deferred and/or Roth strategy.  

One of my adopted mentors says that until you know value, EVERYthing is worthless.Find out all you can about it first, then re-examine whatever decision you're considering right now and see if stands up in the light of day.

This is an old list (from 2010) so not sure if any others have been added since then: ArkansasColoradoConnecticutMississippiNebraskaOklahomaWest VirginiaWyomingThere are likely other states that will honor an Ohio license, however, Ohio will not honor theirs - this is generally the case for states which have fewer prelicensing requirements than Ohio.Also, there are other states for which you might only need to take a limited amount of classes, and/or take a particular exam in order to obtain licensure there.

But if you know that the lender will let it go for a lot less, you might actually prepare a bid and give the property a quick examination. 

However, it's important to have someone in the local market who can help you examine potential deals and represent you when it comes time to submit and negotiate offers.

Get title insurance after a title examination.Being one owner (which it hasn't been) is irrelevant, your seller may have taken bankruptcy, got divorced, have an income tax lien, or court matter that isn't filed in the real estate records, you can't examine for a clear title. 

I say Chelsea because I am proud from the very small city that I am from and to have people look up where the city is.I am a Bentley alumni from the Class of 2015 and a bank examiner for the Commonwealth Of Mass.