They probably won't have a sump pump in there, but if there is one, look extra-carefully for signs of intrusion a good distance from the sump pit.6.

:edit obviously owner-financing is an option if the terms ad up.

After closing, myself and brother (his children) are quitclaimed and added as joint tenants (lender is fine with this).

It has the added benefit of covering literally everything else as well with extra insurance (Auto, Libel, Slander, Primary, Rental, ETC).

The re-appraisal added $350k above my purchase price.There are so many issues like this that I feel if a Salesperson cannot incorporate, and can be named in the lawsuit, this becomes a big problem unless the Salesperson can pass on the liability to the Broker that was suppose to supervise him or if the E&O Insurance picks up the tab.If the previous seller were to have sued the responsible party for the $350k, AND the Seller won, I am curious how much responsibility that would be placed on an Agent versus a Broker.Just curious, how much does an E&O Insurance cover?

I forgot to mention, your giving them an extra $5,000.

While a tear down is exciting, we're also considering a single family home that could be lived in for a year or two and then "added on."

Our neighborhood has had a ton of new construction in the last 5 years, adding about 40 on my street and the next over from the 10 that have been around for awhile.

Had framing crews in on Labor day to frame ceiling in 6 and added additional framing in 2.While demoing wall in 3 for opening, GC discovered gas pipe in wall. 

Also adding one on why I like investing in large apartments.