could be valid; could be not.but it's cook county which sucks for evictions. 6 months. 

And speaking of warranty and liabilities, if a builder only builds spec homes and sell when home is all built-out, i.e. no custom homes.

If a valid assumption, this is Michigan.

I am doing to property management for now.It is not appreciation based, but that is what takes most of the risk of the buying decision here for me.The monthly expenses that I am calculating are:Gas & Electric: $100, for exterior lights and water heater.Water: Individually metered units, tenants responsibilityGarbage is taken care of by the city out of the property taxesMaintenance: $250 because of the condition of the property and warranties in place.

My opinion is Uber is valid employment! 

I would not have been doing my job if I did not charge the tenants for clogging the commode.I had one tenant file a complaint because we did not approve his application even though he was currently going through an eviction.Just had one applicant the other day place a bad review on yelp saying how she has this great rental history, when she is not on the lease agreement and the property management company will not give us any rental history on her because she is an unauthorized occupant.It is probably wise look at the BBB and Google reviews but you have to take it with a grain of salt because, it is usually owners or tenants that are unhappy that take the time to post negative reviews even though the management company has performed flawlessly under the agreement.I know one top property management company as an F rating on the BBB even though they are a good management company.We currently have an A+ rating but that can drop at any time is the BBB does not look at the validity of the complaints they just go by the number of complaints.Again, I believe the best way to find a good property manager is to seek a property manager out and has invested in advanced training and education and has attained designations, usually they also have years of experience.

Turns out that this note could very well be unsecured.As I look at a copy of the trust deed, there is no title insurance on the note transaction.The owner of the property does not match the borrower of the note in question.The borrower is a corporation & I find out that the corporation is suspended by the state.Lesson 1: Just because there is a recorded document, doesn't mean it is valid or legal.Lesson 2: Take your time and do a thorough due diligence.

I can get a copy of a warranty deed from the courthouse for next to nothing.What exactly are they claiming to be doing for me?

Wholesale price $118,500 to you, Under Contract for $139,900, Rents to the current buyer for $900 per month, Current cost for principal, interest, tax, insurance, and home warranty $665.I can't speak for others, but that makes no sense to me.What do you mean $118,500 to me and under contract for $139,900? 

In order to mitigate some of these items that the retail buyer CANNOT see but can be issues nevertheless, I would always highly encourage paying for a year's worth of Home Owner's Warranty.