Nothing formal needs to be said to him.

Form an office that does not have many distractions and your own place could be it as long as you can close it up and be formal so that it feels like an office.  

You need to ask to see the documentation that enables your seller to pass marketable title.An an informal (summary) probate, you would entitle the seller as Mary Smith, personal representative of the estate of William Smith, deceased.If a formal probate, they will vest as "Mary Smith, Administrator of the estate of William Smith, deceased."

However, they are not in the commercial list sales business and may have policy conflicts that require formal FOIA requests and pay the associated costs.If you are just starting, I suggest that you start with foreclosure lists.

As your quote above says, because there is more demand for that "Safer property" it gets bid up to a higher price = lower cap rate.Here is where many that formally trained in real estate but are not as familiar with creative deal making miss an important point.

I've been on BP for a month or so now and I've learned a ton, so I thought I'd thank you all and formally introduce myself.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.

We want this to be a formal loan and make sure that it is set up correctly and is also easy to manage.  

While the deal was 10K at signing, 5K per month, 10K on 1st anniversary the formal payments were 9.5K for ML at signing,  5K per month for lease, 500 at signing for option,10K for option at first anniversary. 

I want to know what the state regulations say about someone that purchases a home (me in this scenario) with no formal knowledge that meth was used/made in the home... cleans up/rehabs the home?