Given their credentialing and licensing authority over non-bank mortgage servicers, state regulators play a central role and have a responsibility to ensure these entities conduct servicing operations in a safe and sound manner and have strong consumer protections in place.

In 2 hours I had her on board to subdivide the property providing moderate income homes and handicap accessible units with a park and water feature for the little children to play!

I along with all my friends play poker for a living.

Just be honest.Deception gets you nowhere long term in this business.The reality is in the markets lot's of buyers with real cash to play.

I always opt for a full title search and title insurance to play it safe.

ThanksGreg You didn't specify the upside nor speak of a value add play in the deal so it's a little difficult to speculate how to best structure a creative financing package.Assuming it's a value add play with good risk adjusted gains at the end of the process then maybe the safest route is to negotiate a wrap transaction with the seller, and if your are concerned about a due on sale clause make it contingent on the lenders approval.The seller will confront these same financing scenario issues with all other buyers so if they want to sell the property then they can either deal with the issue with a reset and able buyer, you, or kick the can down the line looking for another buyer who maybe willing to assume a less than stellar financing package.As the buyer though your only concern should be the financing package that delivers you title, assuming you plan on making extensive improvements to the property, and allows you to earn what you determine is a reasonable cash flow from the project.Options aren't bankable.

So now 5 months later with at least 2 more to go, you are out 5 months of rent, $7,000 in legal bills (and counting-we are not even at trial at this point) and by the way, if the tenant wins their case, the insurance company probably will not cover the judgement as it is excluded in the policy.Also, if the tenant decides to call code enforcement and they find mold, now you have to remediate professionally (again not covered by insurance) and it will cost you about $15,000 or more because they have to do the whole building to kill all the mold.Oh, and by the way, the tenant called code enforcement and there is no visual mold but all this is going on anyway.So legally, you may not have to but it will cost you a lot of money when you get a tenant who can play the system.Make the attempt to fix it so you can say you did.Tom

Also, looking for a play on multi-plex.  

It is all about suiting up and playing the game each day till your hard work and intelligent choices brings the money for your cup of Starbucks.

hi there, west of I4 in that area is scary- could be a long term play if the city cleans up the poverty and crime.