Tell her EXACTLY what you are looking for and then be prepared to buy the property when she finds a property that meets your criteria.

Some lenders will then look back to the prior sale price (1st leg of the double close).Be prepared for the 2nd leg to fail at the closing table with a late underwriting block if the end buyer is getting a conventional mortgage.Other lenders will not care but you do need to be prepared to end up with 1/2 of a double close.

You also have to be prepared for angry neighbors from late night partying etc.I would try to find a local management company to help you with the property.

Just be prepared to stump up the cash when there are problems.

., as I was saying I live in southern California which is located in Corona outside of San Diego .I am a contractor self employed I am into rehab home and repair remodeling and renovation. yes I do have investment property here I want to learn more about investing into the rehab /wholesaling for numbered years I have worked on properties preparing them for the market .so I would like to learn about the investing part of the industry .thought the best place to start is to become a bird dog since I have a lot experience in the remodeling fields

I am NOT interested in tax preparers or attorneys that do nothing but closings.Thanks,

You can get drafts from others and then highlight the clauses you feel represent what you want.Be prepared is the simple view.

Pay to have 50 tax returns prepared?

She and her ex husband are prepared to take a loss of $25k (loan is currently at $174k).

When rehabbing a commercial property, one needs to do some of the things already mentioned in addition to studying the house pricing trends, rent levels and prepare a cost/income estimate.The rule of thumb I suggest my client's use---for every $1000 invested in improvements should increase your net operating income of at least $200 per annum or a 20% return on capital.