That is something you can research extensively online then dip your toes in lightly.

A lot of the housing stock is old and repairs can be extensive.

We already agreed to 2 extensions due to escrow delays.

For a RE investor, the issue will be income, not assets so much for the extension of credit.

I would cap it at 6 months with the option for an extension.

When the lender doesn't perform, then only make an extension if it makes sense.

It's not life or death, cool your heels, things do blow up at the last minute and extensions are granted for lending requirements or title issues, no bid deal in my book.

A recent Treasury rule extension made it very clear that even the smallest or lowest volume seller of manufactured homes was now subject to the anti money laundering statutes and must have a Compliance Management System in place by August 13, 2012.

No private lender in their right mind is going to lend for 30 years.HMLs are typically 6-month loans that are I/O, with extensions available (at a price).

The answers are more extensive than anybody would really care to post in one thread - my guess is that is why your post hasn't had many responses.