I've tried, I've called, I've had to sit on my hands watching someone destroy the property before it goes to sale but, historically, there was nothing I could do at least here in California.There is usually language in the security agreement where an owner agrees not to damage the property but, they also agreed to make payments so, so much for the teeth in that.

In my opinion, rich kids are the worst, they are so entitled and destroy everything around them.

If the bank agrees, I'll gamble (fix the foundation, but probably not fix the destroyed unit for now, and keep the other 3 rented, rehab as people move out), if not I'll walk (or see if @Skyler Smith is still interested after reading all this :-)Jean

. :-)  Funds wont be released until they all RECORD simultaneously...no funds disbursed for a partial recording....and how much is disbursed to which escrow company once they have recording numbers??

We know she wont be providing any income.  

Also, the title company and/or your agent will not give you any legal advice plus they work on commission and wont get paid unless you close.  

I'm a newbie about to close on my first 5 properties in Rochester, NY and I'm looking now at properties which need work, my question is how do the experienced investors of this blog calculate repairs into the projected ROI, in that a new roof wont need to be replaced for 20-30 years ect..

Then again I have 0% down programs on my end as well for conventional and FHA financing or if you're a Veteran (VA).Option #3 Single premium can be great if negotiated from seller to pay, sometimes seller wont pay it all so you can do a hybrid method in which you use a bit of a rate increase, a bit of the sellers contribution, and some cash or a mix thereof.Option #4 is a bit more towards the creative side since it requires you to find a deal that has equity creation potential while combining it with a conventional financing method It depends are you interested in buying units 1-4 ?

A dog can destroy thousands of dollars worth of property in a short time.

With todays values in orange county it will be very hard to find something that cash flows good, most likely that if you leverage you wont get positive cash flow.