The basic structure is up but drywalling and interior is yet to commence.

I do know, from having made offers, that I have had to sign numerous papers, including mold, pool safety, lead based paint, etc, and a lengthy purchase contract.

The builder/seller has the basic structure ready.

If they say yes to either one of these you can find another investor to help negotiate the deal for you and they can pay you a finders fee.The bottom line is basically to make sure you are asking why they are selling and when do they need to sell by.

Trustee Sales are a lender slightly different animal, however property taxes are basically always in first position and always going to be paid one way or the other. 

On the other hand, a basic purchase and sale agreement is a good starting point.

(BTW, IT'S A LONG POST)The Basics: You're going to need a few basic tools in your arsenal if you're plan on being successful.

We were confused by that because it basically says that we accept the property as-is.

He is an awesome guy and is basically setting me up to start a great and successful life in real estate, yet making me work hard and struggle to learn.

Real estate isn't rocket science; many ordinary people have achieved extraordinary wealth just by sticking to a basic plan over a long period of time.3.