So, your argument is there should be some trade off...your having to deal with leaks for striking several of the lesser items they are charging you for. 

FIRST QUESTION- Closing Prorations: Not sure which one to chose (default is the first one)Line 120 - Real Estate taxes shall be prorated at closing based on  {The net general real estate taxes for the preceding year, or the current year if available} {Current assessment times current mill rate} {Sale price multiplied by the municipality area-wide percent of fair market value used by the assessor in the prior year, or current year if known, multiplied by current mill rate}I checked the default option which is the first one, but want to make sure it is the right choiceSECOND QUESTION- Property Condition Representations:  Very confused on this sectionLine 150-168 - Seller represents to Buyer that, as of the date Seller grants this Option, Seller has no notice or knowledge of any Defects other than those identified in Seller's disclosure report dated _______ and if applicable, Real Estate Condition Report dated ______, and, if applicable Vacant Land Disclosure Report dated _____, which was received by Buyer prior to Buyer signing this Option and which is/are made a part of this Option by reference (Complete dates or strike as applicable) and _____________________ (Insert conditions not already included in the disclosure or condition report(s)) CAUTION: If the Property includes 1-4 dwelling units, a Real Estate Condition Report containing the disclosures provided in Wis.

I'm not saying that you would do this as you strike me as a very giving and honest person but I don't think you've thought this through.

Owning guns is a pain in the butt in CA, so I'm relatively light on the guns but have various bladed instruments staged about our home (that I own, obviously).The hoarding is the only thing you described that strikes me as unusual.This dude probably wants to do what is expected of him, which is not causing permanent damage to the property and pay his rent on time, in exchange for basically being left alone to quiet enjoyment of the unit.

The important thing is to learn how to recognize a good deal and always be on the lookout for one as you build up your assets and your network - this way, you can be ready to strike when the iron is hot.

So your still going to need some money, and this come from you or from a partner or both.The important thing is to learn how to recognize a good deal and always be on the lookout for one as you build up your assets and your network - this way, you can be ready to strike when the iron is hot.I hope you find this as insightful as I did!!!

Using the 70% Rule it says that we should only be willing to spend around $83,000 for the property (Strike Price = (.7x$175,000) - $40,000 = $82,500.)  

Hey guys, I am getting into foreclosure investing and have a couple questions since going through almost 500 listings from my county clerks website.1) Is it even possible to strike a deal with the homeowner before the house goes to auction if it has ALREADY been scheduled an auction date?

Hey guys, I am getting into foreclosure investing and have a couple questions since going through almost 500 listings from my county clerks website.1) Is it even possible to strike a deal with the homeowner before the house goes to auction if it has ALREADY been scheduled an auction date?

When I work out in the morning, I usually find a random one that strikes my fancy and listen to it (there are SO many).I'm currently reading 'The Millionaire Real Estate Agent'.