Just be careful of dealer status with your flipping scenario.Apart from other issues the IRS auditor didn't like another LLC being paid management fees but it passed after scrutiny (including the operating agreement etc) along with the rental by the S-Corp of LLC owned office space, tools, mileage allowances etc.

Most important question -- if the deed doesn't get recorded into the public records (let's say the title company forgets for some period of time or the buyer/seller don't use a title company and it takes some time before one of them has it recorded), does that mean the sale never happened?

Even the city has to get property they own re-zoned with public hearings and approvals if they're trying to develop it and it isn't an approved use.

But if the non-profit was legit and there was a real purpose for the public good, there may be an alternative that would be "authorized". :)

The act applies to originators and loan negotiators (forbearance/modification) dealing with the origination event or any event where the public negotiates with a mortgagee such as modifications.

I assume the appraisal is only based on the "official" home.I would be at least moderately concerned that you have space being leased out for habitation purposes that is not on the city and tax assesssor's radar.

This may help you look at a property and potentially submit an offer before anyone else (general public) will see it. ( i purchased my last property 2 weeks ago in this manner).never hesitate to let anyone know you buy properties (Friends, co-workers etc.)...you just never know if a friend of a friend of a friend needs out of their situation.Try driving (Time consuming) around in the neighborhoods you might be interested in.

We have a couple of consultants here, both consult the public and sort of a glorified real estate broker, but they also charge hourly fees in certain matters.

REIA meetings, Courthouse steps, BP, public records, etc.Again, any contractual needs should be fulfilled by an attorney but there are a couple on the BP FilePlace (under resources tab)?????

Hi Brian,Not an appraiser but generally they are looking at heated and cooled livable space.