No more extensions, nor would we simply go away, and he could expect to explain the difference between what had actually happened and what he’d been telling us and, and further explain his legal opinion of their rights in any action we might take to enforce the contract and claim damages.Two days later we closed without the deed having been recorded.

You missed a BUNCH of the expenses, such as vacancies, management (even if you do it yourself), advertising, utilities (at least during vacancies), legal fees, evictions, capital expenses (not technically an operating expense), etc.

For the legal work and forms, you might try Legalzoom.com.

Third if it is ETHICAL makes $$ sense but isn't legal don't do it.

Thats why I am asking for suggestions - LEGAL/ETHICAL suggestions lol..

Anything will cash flow with no management, no vacancies, no maintenance, no legal fees, no tenant damage, etc, etc, etc.Mike

If the lender drags their feet, makes senseless demands, or passes on a contract, my attorney will make phone calls or send letters to their legal department.

But is there any legal liablility if you are the owner and realtor.

Give them the address and ask them if the housing permits are current and how many there are.If it's not listed as two, tell them that it's advertised as a duplex and ask them what you would have to do to get it legal if you were to purchase it.If it's an illegal duplex it will help you in two ways.

Hello Board,
I have my first purchase in the UW process right now and I have a question in terms of my long term growth that I was hoping we could address. I am purchasing this property via an FHA loan. Needless to sa...