Conditions Precedent: The obligation of the Purchaser to purchase the Property will be subject to satisfaction or written waiver by the Purchaser of the following conditions within 60 days after execution and delivery of the Agreement.Review and approval of the documentation concerning the property;Completion of satisfactory physical and environmental inspections of the Property; including suite inspections.Completion of satisfactory due diligence search and examinations;Satisfactory review of the title of the Property;Satisfactory first mortgage financing being arranged for the purchase of the Property;Satisfactory second mortgage being provided by the Vendor for the purchase of the Property;7.

You need to examine yourself and decide if such investments, and the accompanying potential for lost sleep, are appropriate for you.Jon

If you read the SAFE Act, you'll see that regulators can come in an examine the broker's business.

Lots of sociopathic personalities out there,, however at the end of the day buying rehabbers is not a highly complicated business as you state LOL, I must have the same algorithm hard wired in my brain along with my lie detector eye balls, I certainly got my share of liars and embellishments, but none were funded, maybe it's my cynical nature, maybe a bit of human intelligence gathering from my Army intelligence days, could be the old examiner days that sound off alarms, might be prudent lending practices that made me so lucky, maybe all of it together just didn't give those types a snowball's chance on a hot stove of getting past me, since it never happened with my money or my client's money.

Just because it's family doesn't mean other things can't happen where the loan could be examined and disqualified as an arm's length transaction.The note isn't filed, in the note stating the payee, you could say Mary Jane Smith and Tom Smith (H&W, Tom Smith brother of Holder) and I don't know if same names are involved or not, it's not necessary and it could draw other unwanted attention.

Then examine the market for that business, if it's a good location now go to those . businesses and talk about expanding their business in your area.

The first thing we do is get on site to examine the problem.

Look to the assignment of the slips in the HOA docs, Slips are under special use deeds, use is limited as you don't own the dock but rights of use, maintenance is usually divided among owners, if you're the only "owner" guess what,,,,Same maintenance issue with common areas, that's why I suggest you examine the HOA by-laws, and minutes to date.I had a similar deal years past at the lake but the condo development was 2/3 completed (200 units+ usual amenities) with water front, partner with a developer and finish it out, rent it up or sell, dump what you don't want need or want

I've been in the Title Insurance Industry for quite some time now as an Assistant Production Manager/Senior Title Examiner for a well-known Title Company.

Some folks include their vacancy allowance w/i that 50%, we apply an 8.33% (1/12) to 10% vacancy allowance to the scheduled rent and deduct 50% for operating expenses from that number ... conservative is good when examining prospects.