I suggest you spend a bit of time with a lawyer.

Check the state regulations concerning HOAs.I know that in one state where I purchased a new condo there is a law (about 5 years old now) that requires there to be a reserve fund set up and the costs of all items to be estimated over their effective life.

How many are effective is a different question.I have done an a lot of business without a website.

I've found that the decision is often based more on the availability of good, reliable, cost effective labor.

Something to the effect of "It depends on who initiated the contact" That is so true.

It is an intro book so best used before meeting with a lawyer or others who will know the specific laws for your state.

He's not really getting anything if I take it for the loan balance, so if the price dropped he'd effectively be paying me to take his house and equity.

Common in HI and in other places.It could be the document is standard boilerplate that has clauses which make no sense in this transaction.If you really are not sure it is best to have a lawyer read the contract so you can get a qualified opinion.

I don't want it to effect my borrowing ability for my future primary, also in the 500k range.

- If similar legislation was inacted in the state in which you do business, how would this effect your business & profits?