We learned of this from a helpful court clerk at the 11th hour.If we had not included these 2 documents, the default judgment would have been delayed.

If you get in over your head, you can call in a pro and not have to worry about the delay in the project impacting a tenant.

So I think there will be a delay, even in the case of a total loss, as they do their due diligence.2.

The times before when I was newer I would work with a tenant etc. and all that would happen is I would delay the inevitable by a month or two.Especially with the buildings with multiple tenants the " word on the street " needs to be the landlord is fair with fixing repairs and taking care of things but will not tolerate late rent no matter the excuse.

I believe there are seasoning periods, but it may help minimize taxes and penalties (ask how I know about taxes and penalties when investing with your 401k).

Apologies for the delay buddy.

The commission on bank own is minimal anyways.

Since I have minimal credit the owner has agreed to carry the mortgage with a down payment.

And you should comply with those rules anyway since there is minimal cost to do it now.All that said, tenants and buyers will not value a master in the basement anywhere near what it would be worth above grade.

What made me a little alarmed was the minimal disclosure - the broker was representing himself as only the broker for a client who was a corporation - not specifically disclosing that he was associated with the corporation.The letter made it seem like the broker had an arms length client who was interested in the building, but the client was listed as "[Corporation], et al." with "address on file" - basically giving minimal information.Has anyone ever sent a partially executed purchase offer to someone, cold?