I can't remember it being open.My guess would be the equipment is worthless other than scrap value.The fact its been empty for years is a clue there's no demand for it as a restaurant.Is there other vacant land in the same area?

It might be cheaper than arguing and paying the attorney additional fees, holding up settlement and fighting over it.I'll bet the contract and norm is to transfer marketable title, insured title, unless stipulated in the contract, if this is a last minute issue I'd guess it's just the attorney, seeing if he can get away with it in representing his client.There is also another issue so far as financing, if your friend is obtaining a loan the lender will require a GWD being insurable as well, exceptions are made for institutional lenders selling as the property is sold by a corporate body arising out of a foreclosure, a different issue than buying from an individual.Make it a lending requirement for settlement and that SWD may go away.But, ask, are there any exceptions being made and why?

A lot of states are different and I guess Texas got a little harder.

We are cashing out to buy another investment property or two and I am super excited to start looking again (though the ROI is not what got last year and the year before, I am guessing I will have to deal with that)

It's extremely competitive, and I'm guessing you're looking at MLS listings with your realtor.http://www.stthomas.edu/business/centers/shenehon/pdf/MplsStpResREIndex1282014.pdfGood luck.

With a frame home the payout would be $5,000 minus the deductible and a brick home would be $7,300 minus deductible.Now this is all a best guess at what your ACV could be.

Care to guess who the registered agent of said company is? 

This is if you were to rent both sides.My guess is that your rents would not be that high??

guess what, Start over and reapply.Bonding of improvements with the municipality is something to consider.

There is talk of significant new oil and gas development that I'm guessing is bringing in more investors, but we hope to figure out our niche.We are trying to figure out exactly what we want to pursue and in the meanwhile just looking for great deals and learning about what's out there.