So say it doesn't work and has been sealed with insulation etc. to prevent heat escape.

So you have 2 levels of insulation between you and the property.If you planning on keeping the house more then 12mos it makes sense to make beneficiery an s-crop if less then 12mos - LLC.

Either way the contract is still legal and binding, and the seller has a legal requirement to sell the property under that contract whether you assigned it or not.Again a double closing insulates this information from the buyer and the seller.

For major renovations your have electrical, plumbing, insulation, roofing and foundation structure.It might be wise to start with plumbing and electrical.

Numbers:Beds: 3Baths: 2Sqft: 1,424 (Will be 1600+ with finished sunroom)Type: Single FamilyYear built: 1955Cathedral ceilings, big 2 car garage in great shape to the rear.Asking: 79,900 (priced dropped 10k as of 10/20)Pictures available here http://www.zillow.com/homedetails/6105-Lockamy-Ln-Norfolk-VA-23502/79225876_zpid/#{scid=hdp-site-map-bubble-address}Repairs: 50k-55kSome big ticket items: Will need 50% new sheetrock plus insulation.

If a lender needs to liquidate a loan for any reason we are able to insert another lender or 'sell' the note to another lender at full price to the original lender.I think it is a great way to offer an alternative for your buyers and insulate your business from the whims of banks, but it requires a pretty large network or at least a handful of really good lenders with a lot of capital.

For this reason, some lenders will only do business with an entity believing it insulates them from you, personally.

I have never priced or replaced anything associated with that metal though.The glass seams high for single pane, if it is insulated then they have to come out and take measurements and send off for fabrication.

Again, since yours is only 2 yrs old you probably won't have any issues unless they ding you on insulation which could get costly.

This of course is a two way street, borrowers do tend to think their project is more credit worthy than it is many times and real lenders want credit risk insulation.