Any legal issues with getting cash out of the deal?

Perhaps you are referring to the listing Realtor and not someone who you hired to help you find a home.The problem from a conventional financing standpoint is that you have multiple residences on one legal description which makes this a multi-family property beyond the "normal" 1-4 unit residences acceptable to conventional lenders. 2)What is typically done to avoid making a down-payment and/or paying closing costs.If you are asking specific to this property, there probably is no 100% financing option available so you may have to pass on this one.Generally speaking there are many programs for little or no down-payment and you should be talking to a mortgage lender about what you can afford and qualify for prior to looking at homes.As for closing costs, you may qualify for city or county down-payment assistance programs (which are more typically used for closing costs instead of down-payment).

That six thousand hopefully could cover things that might come up like legal fees, and closing costs.

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.