I have a friend contemplating Tenino.Welcome to BP!

I am contemplating moving on a deal in philadelphia.

Are you truly contemplating not pursuing this deal because the seller wants to see you've got some skin in the game opposed to $20? 

Someone with the mind set to do this is brushing off zoning legalities, and won't be selling for a price that would contemplate putting it back to a SFR.

And I do wanna wake up one day and do nothing but contemplate my belly button, and then turn around and work 18hrs the next day.

I would think that someone who is going to rob you or assault you physically is not really concerned about being sued.

Also, I never said nobody should ever invest in a low income area, but something new investors need to take into serious consideration when contemplating their first rental or two.

People get assaulted and shot in the neighborhood occasionally, but this happens at 2am and alcohol is normally involved.

And knowing how some like disclosures, the agent could spell the whole thing out and say "I'm screwing you" and it won't matter as they agent did screw him, if someone says they are going to smack someone, then smacks them, it's still assault, disclosing your intent doesn't relieve you of responsibilities for your actions.

Chris I brought this up way early in this most entertaining thread.... as a potential note buyer there is no standing in the real estate and I know my note purchase agreement is a bare bones doc that does not even contemplate the seller default or failure to close on the note if the note does not show up you just don't close .. note sale is far different .. this guy wants to weave that into a purchase and sale agreement.. its just a note sale were the seller of note simply did not follow through I personally don't know of any punitive remidies for this scenario other than transaction did not go through as the note was never delivered..