They are small round steel balls that are shot through a kids gun.Basically, the window has little holes in it, and will need replaced.The second one looks like it just means you'll need to install some lights or outlets.

That collateral is much harder to move than real estate in the event of default.I have asked for covenants and rational underwriting on lines and nobody seems to want to play ball.

When options are exercised, the employee pay the taxes, and the company receives a tax benefit (essentially, the employees are paying the taxes in lieu of the company, but are doing so on essentially free gains, so they don't seem to mind).Microsoft used to make more money in tax rebates doing this than they made selling products, and which would essentially offset all of their taxable profit.

You are going to pay a bit of a premium for that loan.I also think you need somewhat long-term money because a lease/option tenant/buyer doesn't always exercise their option.

I'm not sure if my agent is just not on the ball or perhaps inexperienced with HUD, or is HUD just 'like this'.

Frederick,In a lease option arrangement, you are a landlord until your tenant exercises his option to purchse the property.

It's helpful to read the language to understand what does - and what doesn't work to legally avoid due-on-sale clauses.Exemption of specified transfers or dispositions: With respect to areal property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation,or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon— (1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter-vivos-trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transferor disposition described in regulations prescribed by the Federal Home Loan Bank Board.

I tried the low-balling approach when I first started and get zero offers accepted.

I said this in a previous topic...It takes balls to take calculated risks.

To me notes are securities so trying to distinguish them from bonds is an exercise in futility.