I found a duplex, but am reluctant to purchase because the water, gas, and electric are not metered.I understand it can be expensive to setup a separate meter with the city, but am not sure the costs of gas and electr...

Keep in mind that forming the company involves filing with the Secretary of state, drafting the Initial Organizational Resolution as well as the Operating Agreement.

Andrew Johnson “I use Appfolio out of santa barbara, ca its definitely not free and my property mgmt company passes those costs down to me which I think is around 50-60 bucks a month based on number of units under the service.I am able to see all reports from rent rolls, cash flow statements / trailing 12 month cash flow, tenant ledgers, maintenance requests, dialog between tenants and mgmt staff, resolutions to maintenance requests, move in pictures, move out pictures, or video, and many more features.What I like is that it allows the vendors to be in a dialog/text/chat box so they are prepared (vendor) prior to job assignment with lockbox codes, scope of work and pictures before they even go to the site so we dont waste time figuring things out and run up a huge $$$ bill for lack of efficiency.”

Andrew Johnson “I use Appfolio out of santa barbara, ca its definitely not free and my property mgmt company passes those costs down to me which I think is around 50-60 bucks a month based on number of units under the service.I am able to see all reports from rent rolls, cash flow statements / trailing 12 month cash flow, tenant ledgers, maintenance requests, dialog between tenants and mgmt staff, resolutions to maintenance requests, move in pictures, move out pictures, or video, and many more features.What I like is that it allows the vendors to be in a dialog/text/chat box so they are prepared (vendor) prior to job assignment with lockbox codes, scope of work and pictures before they even go to the site so we dont waste time figuring things out and run up a huge $$$ bill for lack of efficiency.”

Negotiate it down, to 75% or half if you think you can, and move on and get the resolution in writing.

_________________James and all who listen,The recommended action by the banks is to Cancel Sale in case of a possible resolution.

Pixie - when I re-read both your posts it appears that you are only looking for resolution of the problem property, not necessarily to purchase it, am I correct?

It does not anticipate funding approximately $450 to $500 million today.American Home Mortgage emphasized that it is seeking the course of resolution, in this environment, that is least disruptive to its business and to the many thousands of home buyers to whom it has committed to provide mortgages.

This paragraph:Fraudulent short-sale specialists often promise quick resolution for a fee.

However, I am not planning on seeking legal actions, just a resolution especially since I have children living here.