The deal structure?

Why is it vacant - did the bank kick everyone out or is there some structural problems?

My father is a structural cad electrical/structural engineer so I know I can save on the plans However where I see I could save a good bit is on the interior work.

Alright I think I just opened a can of worms here, but seriously, Id like to hear from the people who don't think you need an attorney when forming an LLC for example. I can see where the advice of an attorney would ...

It has nothing to do with the integrity,structure, condition ETC. of the property.

At this time, you can still have changes in the following, structuring any final deals, write offs, needed acquisitions, and etc.

My question is how would I structure this and could I even "subject to" this as it is probably in forclosure status at this point?

I can find many articles on how to structure a lease option so it does not look like a disguised sale, however I want my lease option to be treated as a sale in the year 2012.

the tile holding up has a lot to do with the way the structure is built and the quality and specifically the thickness of your existing sub floor. if your subfloor is less than 1 1/8" thick i would look at options other than tile.

Your $230K overall insurance amount is too high - you don't need to insure the value of the land, just the structure to be rebuilt if something major happens.