It would probably make financial sense for the PM to offer free lot for a period of time.

total estimated interest = $4.7k2) LOC refi- $2.6k in closing costs, plus $2.9k interest over the 24 month life of the LOC equals total cost of borrowing = $5.5kSo basically for the LOC i'm paying $800 in additional costs over the two year period to gain access to the remainder of the LOC ($92k) at 5.75% interest to be used to jump on cash deals, etc. if needed.

The paperwork is not hard to figure out on your own--I've rarely seen anything in an addendum that I didn't understand (but they are boring).As long as you have an inspection period, the only risk is your inspection money if you decide to back out.Having said all that--I haven't read this entire thread, but I don't understand why your low offers would suddenly be more enticing to the listing agent in your town if she now has to split a commission with your buyer's agent.

Many loan programs will require you to be in the chain of title and some will require you to have owned the property for a period of time.

Michigan has a 6 month redemption period so typically what we see today at sheriff sale hits the MLS in 9 months.

Toni,It's a little unclear to me if you're buying or selling.If you're buying, many banks/government entities have various periods of time ranging from 15-30 days in which only owner-occupants can buy the property.If you're selling, the bank you bought it from cannot do anything to prevent you from selling for any amount at any time unless you agreed to it in their addenda.

Could be more, could be less, but over a long period of ownership, it's a reasonable estimate.So, if your gross rents are $33K/year, your NOI is likely somewhere in the $17K/year range.

Now, any period of rental use after Dec 31, 2008 is a period of non-qualified use and the portion of your sale profit allocated to the period of non-qualified use is not eligible for the capital gain exclusion.

This redemption period commences from the date the original sale deed was filed for record in the County Clerk's office.

The peak usage period for asbestos in the US was the 1970s.