In this case, the liens were actually paid but the other title company didn't do their job and missed some items.

All things are relative with regards to any lease that is the so called "net" format vs those that are "gross" or "modified gross".The term net lease has been chopped up over the years to include "net - N", "double net - NN", or "triple net - NNN".N - generally refers to the actual property operational maintenance costs.NN - generally refers to the property maintenance and limited other costs, i.e. adding in insurance or RE taxes or some other limited set of items.NNN - generally refers to all associated property operational costs.For clarification a "net lease" means that the tenant is fully responsible for some or all of the property's operational items; On the other end of the spectrum is the "gross lease" which means that the owner is fully responsible for the operational items; "a modified gross lease" is a combination of the two and usually includes an expense stop for the tenant.Expense stop means the owner is responsible for all costs up to that point, i.e $3.75 per sf per year, and the tenant is responsible for the pro rata difference over that amount.

I fix things on my own, never made him pay any labor, only for items purchased.

I just searched for "Mike Collins" and it found 2 items...

A seller can however sell personal items that exist in a home for a profit...

Hello fellow rehabbers, If you have been rehabbing for a while, I am sure you have ran into a situation like this one...You buy a house and the seller says he will “clean things up” and then a few days before closing he says that there are “some things he couldn’t quite get to”… and that they “may need to leave some items behind”...Our record to date is 12,000 pounds of “Stuff” (being polite) being left behind… Check out this You Tube video… They left a “little” stuff that they “couldn’t quite get to”… http://buildingmyrealestateempire.com/2007/09/20/rehab-project-seller-left-these-items-behind/Have you ever broken my record of 12,000 pounds of “stuff”?

this would clear up the title issue and allow a traditional end buyer financing.

Oh and how about you share the one "mistake" or item that knowing what you now know you would have done different in 2007.

Speak to a mortgage broker in your area… They will have traditional mortgage lenders and also should have access to hard money lenders and rehab lenders.

Help from an experienced CPA is a plus.Bob_in_VA - I'm in VA also and I can help you if you get confused or would like a more indepth explaination of some tricky items.