There's just too much employment, money, and expensive real estate nearby to prevent the spillover.. some people don't want the commute.

Most upscale developments will have similar restrictions simply to prevent speculation that can hold a development with empty lots.

However, the same clause prevents a defaulting party from maliciously and unlawfully detaining the property under the guise of having an “equitable interest (‘claim of equity’)” in it in order to forestall eviction, buy time and free rent.

If I just send them a notice, in case of fire (due to tenant's negligence to test the fire alarm), there will not be proof we took all preventative steps, since there's no signature.Suggestions?

The purpose was to prevent developers from buying and splitting up land for quick gains.- In your example, if you bought at $50k the land itself would be worth something, say 10% of the total purchase, or $5k (would be stated in the appraisal)

A/C works fine and was left on to prevent any molds. $8-$12k est. cost of repair.What do you think?

On the other hand, some states have laws that prohibit a landlord from interfering with the installation of cable (meaning they cannot prevent it), but they still aren't required to provide it.

But if it sells for more than x amount of dollars, you want to be reimbursed the $2500.With situations like these I always try to see if there was something I could have done to prevent this. $6k is a lot of late fees.

First talk to one of them you know well individually and voice your concerns and pitch the benefits of having a healthy investor/ OO ratio to prevent major financial issues based on above listed recommendations.

In other words, In the instance I need to fund the first closing with my own funds, what can I do to prevent the second closing from not taking place?