That’s a great approach—sometimes slow and steady is the best way to go, especially when it comes to managing costs and avoiding unnecessary debt.

Ultimately, it sounds like they did you a favor but that you need to curb the behavior to prevent unnecessary work and being over charged in the future.We have run into issues like this many times in the past.

We don’t feel these are necessary, especially considering that the property already passed inspection when we bought it.We're concerned that we might be getting taken advantage of, and that these costs are inflated or unnecessary.

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

I wanted to avoid all that since that (i am assuming) will make things complicated for me not to mention the timely payment of rent.i am in Chicago cook county and in loop..

Furthermore, these bothersome blemishes on the property's municipal searches/reports can complicate future attempts to sell or refinance.A complaint could grab the owner's attention especially if it could lead to a violation, fine, etc.All the best!

@Jerome Morelosno offense but... this doesn't make a lot of sense to meHELOC rates are high so for this to work you'll have to give them a great return to make this work for them...way too complicated for my taste

Not recording a lien might make the transaction less formal but could complicate the refinance process later.

Things will get “complicated” if you try to buy more than 3 replacement properties.I don’t see a problem with her renting you a space in her commercial building as long as she charges you “fair market rent”  (then she could leave the property to you at her passing.)

If you are looking to do a complicated structure, ex. wyoming holding company.