If the owner is a contractor, he may choose to complete some or all of the work himself. 

the reason for these questions is to determine motivation and the potential equityequity is what you will be negotiating for if the seller owes $50,000 and he is asking $100,00 you can guess that the potential equity is $50,000 - cut that in 1/2 to be safe and guess the equity is about $25,000 - the question now is how are you going to negotiate for a part or all of the $25,000who are the decision makersWe are here at Bigger Pockets wishing you success and cash flow --  do not get discouraged - this is a hard business to get into and to be successful - take it easy, be careful of the Big Hats out there, have confidence in yourself and study - study - study Charles

This Agreement and Tenant’s right under it shall be subject and subordinate to the lien, operation and effect of each existing or future mortgage, deed of trust, ground lease and/or any other similar instrument of encumbrance covering any or all of the Premises, if any, and each renewal, modification, consolidation, replacement or extension thereof.19.

Hello Niyi, Are you looking to buy & hold, flips, wholesale or all three?

Even if some or all of the other advice here is good advice, if you move past a duplex or tri-plex financing, and get into commercial level multifamily property, you need to show a lender history of being able to sign long term leases.

(c) An oral or a written rental agreement may not define abandonment differently than is provided in subsection (b).

The more they increase those expenses, the lower the price goes, as you know.The estoppel letter is for tenants to say they have not prepaid any rent, the security deposits are as represented by the current owner, there are no side agreements either oral or written, there are no unresolved repair requests and the tenants have no claims or disputes with the current owner.

Did you make some oral modification to the lease terms?

The Euro is, probably going to catch up with the GBP but at the moment i feel that you'd be better off in getting a CD in one or all of the above countries, hell maybe even somewhere in the middle east like syria, or Iraq if you feel like speculating.

With 300k cash, should I be looking at multiple down payments or ALL cash right out the gate.