;)Some investors/home owners will try to game the system to work around it...but the penalties are just way too stiff.

What I know, is that I have searched for both properties on realtor.com, zillow.com and trulia.com and haven't been able to find either of them...In the meanwhile, having recently discovered BP and having listened to a lot of great advice thru the podcasts I have gotten a few ideas on how to market them.Please let me be clear that I am not trying to stiff the agent.

A good investor will not stiff you on a bird dog fee, because they want you and others to bring them more deals.

Know this, your competition is very very stiff.

If the house is worth buying, you'll find stiff competition there, all with cash in hand, looking for the same diamond in the rough you are.

If someone comes in all-cash then you will be up against really stiff competition.If you can do a HELOC or some sort of commercial credit facility where you can get this done all cash and season it for a year before you refinance it, that'd look a lot better as an offer.

@Cody Furman having stiff late fees (being sure to follow what your state allows as far as late fees) can help you to combat late payments.

I would take it personally that he "chose" to stiff me.

You are absolutely correct no mainstream lender will offer a loan for a residential condo unit with a master policy this is because of federal law and that they get stiff fines and or removal of funds if they don't comply with federal law - even if they disagree or don't understand it.

Market is stiff right now, totally different ballgame as opposed to what we've seen over the beginning of the decade.