My property manager knew that I was looking to acquire more units and brought this deal to me, power of networking!  

Were you (your lawyer) able to acquire the the necessary permits? 

This is a prime area for tear-downs and I see new construction in that area going for $1.5m and up, but not clear what price they are acquiring them for.I have a lead on a property there and would be interested in other people’s recent experience.Thanks

Our LLC is working to acquire a multi-use resort out of WA state. 

Ellie - obtain the funds needed to acquire the property  from friend / relative ...pay seller the  cash ...have a private note set up between yourself and donor)   with specific  terms  for repayment ...make sure the  rate  agreed to is  a realistic  market type rate ) and also make sure that a formal lien is  filed for the loan  and also make sure you formally go into the title  .........I would suggest making a separate agreement / arrangement for the  funds  you are  borrowing for the  construction ...... 

Since this report isn't for a lender, you could have an appraiser do a drive-by appraisal of a listing you might consider without actually needing access to the property.

I am trying to acquire a property. 

Make sure to attend the local REIA group if you want to get knowledge and access to some off-market deals.

If you can acquire the place for no interest or very low interest it will be much easier to meet him/her on price.

Besides the obvious that your place could get gutted and cleaned out of anything valuable, there are a number of scams where your listing gets posted to Craigslist, someone else gets access (IE via your lockbox) and "rents" your property to unsuspecting victims.If you do collect fees electronically, don't use Paypal.