You can't legally change the original contract without having the seller initial any changes.

Basically she will add you to the deed, after the property closes, however you have to stay on top of this if you proceed, and have some legal agreement set forth too.

The first is to read the CA landlord-tenant law booklet at http://www.dca.ca.gov/legal/landlordbook/catenant.pdf .

So, no, there are no tax benefits to giving the profit to yourself through an LLC.Now in some instances you may need a separate entity to do the work (i.e. federal grant programs; but you can't legally make a profit from those either).

Either make up the contract yourself or consult legal advice to make sure the deal is right for you.IMO if the family is not hurting for money, might as well hold on to the land and see what happens over the next few years.

There are numerous legal documents on the web that explain how to request a waiver of the DOSC.

you don't have to use websites to find auction info.check your local newpapers - LEGAL NOTICES - they'll be listed there.additionally, you can register with the county for what are called, "estate sales" - these are not foreclosures, but they are auctions for real and personal property that the county conducts.the county does not conduct foreclosures.

Is there a legal structure that exist??

If MD and Baltimore City is anything like other municipalities, the percentages you mention are the legal limit.

I really should know this after reading the books I own on REI but I have not come across it..If for instance you make an offer on the house, and it is accepted (over the phone, not having seen the property) are you obligated to buy the house even before you see it, what legal obligations are there, they're are ways around it arent they?