We are local contractors in the area looking to get our feet wet in the real estate investing waters.

He would show up, realize he didn't like the view of the water tower half a block away and back out.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

Now the tricky part is creating your underwriting standards and system.

This area of banking could do with some standards. 

@Lorenzo LopezPretend a map of Boston is a pool of water.

ABC kept the first two and half months of rent from the rental guarantee for tenant placement fees and utilities (water, electric).

Make sure you have smoke and CO detectors in appropriate places, GFCI outlets near water, functioning mechanicals, make sure everything is in good condition and you shouldn't have a problem.

The agreement stipulates:"The owners agree, that no water shall be used for commercial purpose, but only for their private domestic use including vegetable gardens and livestock maintenance."

Is that a national guideline or is that just more local bank conservative standards? 

There are some dogs that just have to be on the couch so these cut way down on dog hairs.We provide dog bowls for water and food along with an absorbent mat.Last up we have a small Bissel hand cleaner for accidents.