@Wayne Brooks This is the part that concerns me in his bid sheet:"Should I be the final bidder, I will immediately pay to the seller a non-refundable deposit of $500 and within 24 hours, pay the remaining balance to the seller, and will in return receive a quit-claim title.

This works fine with electricity and gas, but in many jurisdictions the water/sewer is either not segregated by unit or, in the case of a SFH property, must remain in the name of the property owner - which leads to the landlord carrying this utility.We have many student tenants who are unable to secure utilities in their name without posting a substantial deposit - this has to do with their not having a sufficient credit history.

Spending a few months on a project to see it come to fruition is quite satisfying, as well as financially rewarding.

Furthermore, if he were to become more ill and pass on, she would be the remaining tenant and become the sole owner of the building.

So you may need to address this immediately now that the claim is in & the property will remain unoccupied esp as its being repaired.

.); low and behold, down the road, I saw that after the first 50% payout (at 50% completion, inspected by the lender's rep), the remaining 50% would not be paid out UNTIL 100% COMPLETION.

And she might stay even longer than the remaining year, because few landlords would accommodate her this way, if she started leasing somewhere new

Over the 67 month period that would add up to $14,539.At month 127 under the natural method of paying the MIP and not making any other payments, my remaining balance would be the 128,700.

If there's a lender involved, you'll need to satisfy the lender's requirements as well.

I came out well (though the tenant will probably remain as the "worst" I ever dealt with).