You should also complete a memorandum of agreement and record the document right after closing which will help keep him from selling from under you.Since this is a flip, it is best to not only keep the escrow open, but to insist that your end buyer use your title company.

But, if someone insists on using those terms, I think it's fair to say "two story" and "has a basement".Additionally, in a split, if the entire lower half is finished (other than the crawl space), it's safe to say "fully finished basement."

Here in Sisters (30 mins outside Bend) I looked at one that had 30k in rental income and they want over 700k for it.  

If you do the loan, insist on 1st position, take it through a title company, and have them pay all expenses. 

But if you insist, ask people on a scale of 1 to 10 how interested they might be in selling their house.

Yes, I am deeply concerned with the highly inflated price that the title company would like me to pay for their notary service and what is even more frustrating, they strongly insist on using their notary.

I'm trying to buy a residential property under a commercial loan.My commercial lender will have no problem giving me the money- I already spoke to him about it- this is one of the smallest deals I've ever done- but my...

@Julian Fung the best thing you can do (assuming your agent knows what they are doing) is be commited to completing a purchase, listen to thier advice, do not insist on ridiculous offers, and act when it is time to act.

I've also had potential partnerships fall apart because I insisted on paperwork hat says I would be reimbursed my rate for the rehab. 

If you insist on borrowing from Aunt Mildred, make sure she is as secured and protected as the giant mega HML would be.