Worst case, they may shake you down for some money claiming that they would have taken over, they could have applied to assign, its a profitable location, yadda, yadda.

At the bottom line, each party gets a number (seller = proceeds and buyer = money he needs to bring in).However, if it is a condo, you need to have something in the PSA asking for a copy of the HOA payment coupon, along with any leases, insurance declaration, recent utility bills, yadda-yadda.If buyer just accepted that HOAs are $x/month without any documentation, I don't see where an estoppel (usually between landlord and tenant) would help - HOA dues are something he/his broker should've gotten a copy of as an operating expense.Now if the seller lied and there is written evidence, he'd have a better case.

This why you see sometimes "no showings at this time", "can't get the keys yet", "owner isn't ready yet", yadda yadda yadda.

I picture the guy calling back and saying something like "hey man I'm sorry I reacted that way, my mother just died, and me and my sister... yadda yadda" Simply put...

Been to his house a couple times, we went to play in the WSOP together, yadda yadda...He's very approachable, and loves to help people.

LOL Stephan, at a quick glance I figured that was some co. who used a "sounds like" name, like some of the mtg auction buyers use Washington Mutual Residential yadda yadda, to sound like some large institution for some reason.

I have no real estate investing experience but I do have a finance background and have been investing my own funds for nearly a decade now, via individual brokerage accounts, 401k's, IRA's, yadda, yadda, yadda...and I'm ready to begin the foray into real-estate investing.

I could tell him to put "Equity Trust Company FBO {yadda yadda yadda)"I guess my concern in telling him no (beyond I generally like to keep my good contractors happy) is that there will be unmatching income/expense in the IRS' eyes: somebody is reporting they got paid, but there isn't a matching somebody reporting they paid out.Thoughts?

It was a sad day, but here's the sickening numbers.I bought the car for about $17,000 - put quite literally 25,000 into performance parts (engine teardown, supercharger, yadda yadda).  

Assuming you are all in for 100k for a RENT situation, after you collect $12,000 a year in rent and pay normal expenses, factor in vacany, repairs, yadda yadda, you should be floating around a 8-9% annual net return (assuming you had paid cash).