The buyer spent a lot of time and $10,000.00 attorney fee to win the case but get nothing (zero dollars) from the seller due to seller's bankruptcy.

They're smacking homeowners with high late and attorneys' fees. 

Sometimes you need to hit them with a notice even if it's only to show them that you're serious about late fees. 

I'm thinking it makes more sense to set up the account first but the drawback is that I have to start paying monthly fees immediately? 

HVAC is 5yrs old Plumbing is good unsure of the age.Purchase 88k Loan FHA 3.5% down bed/bath 2/1 each sideSide 1 is currently rented for $440 (below market) by $45 for the sizeSide 2 I will be living in with a roommate and room rent is $330 (median market for a room for the size)Side 2 COMPLETELY RENTED will be $675 (median for market)Owner pays near $180 for water a month and tenants pay the rest of the utilitieswith mortgage, insurance, taxes, fees, monthly payment to own the property is $611.87I am really just trying to cover all of my bases right now. 

Hi all,Tell me if this is a good idea or not:There are multi-family properties I'm interested in buying, but I don't have enough cash to cover the down payment + fees without wiping out.I was thinking of taking out a personal loan to cover between 20 to 50% of a 25% down payment.

Quick close, no realtors fee, cash.  

I'd recommend finding a wholesaler in NJ (check out the forums here on BP) and ask them for a referral fee (or 50/50 profit split) in exchange for giving them this lead.

The money you receive from your buyer should be enough to bring the loan current, pay for any liens, lawyer fees......etc.

It is challenging to find a property at 75% - repairs - wholesale fee to assign or close on.