I have not personally known any one who has lived in those condos, but take that anecdotal evidence for what it is worth.This is all irrespective of whether the deals make sense or not or whether financing would work out. 

In this case I would have offered them the benefit of the doubt unless they provided evidence that suggested I shouldn't.

I always submit a proof of funds letter and substantiating evidence (list of repairs, low comps, mold, structural issues..etc) if my offer is very low vs. the list price.

Seller agrees to sign such contract should such signature be needed and requested by Buyer so long as such signature will not result in any financial gain for Seller and that such addition is for the purpose of demonstrating additional evidence as to the dissolution of all Sellers’ rights and interests in the property and to permit any MLS Listing.Hope that helps.MoeOriginally posted by SunnyCA:Does anyone want to share their CAR addendum verbiage?

But it seems fairly evident that the best idea to optimize rate of return (I have yet to crunch numbers on this) is to sell when the market is clearly overvalued and then buy in cheaper neighborhoods when the market is low to capture that appreciation as well as high rents in Oakland in general. 

I've seen quite a few with great looking interiors, but evidence of past flooding in the basement, bracing issues, etc.

There is some grey area and some exemptions to the rules, but not enough that I would risk what evidently is a class 6 FELONY!? 

Rehabbed a house, under contract with a buyer to sell it post-rehab, home inspection just came in and found some evidence of some mold in the house, which I suspect was caused by humidity or maybe was there when I bought it and we missed it somehow.

There are a few apts but the last one was in the 80s.There is some evidence of water issues in the roof of one of the downstairs units, the ceiling was cut out in a bathroom, but I could not get access to the upstairs or roof to see it.

At that very moment, it becomes evident how motivated they are to sell their note.If more people starting asking for help prior to creating the seller financed note, I will gladly report if I'm having difficulties with such.