But either way Eric, Jenkins or I can give you more opinion through PM.

Greetings from LA,Just wanted hear some expert opinions and experiences on buying a properties (single-story residential) which unpermitted bedrooms and bathrooms (or converted bathrooms).

I'd love to hear thoughts, opinions, guidance, inquiries, etc.Thank you!

It is probably safer on the back end than on the front end.Thank you for the information.How close would be "to close" in your opinion?

After the 90 period is up you are able to sell the property, refinance it, transfer title or anything else you want to do at that point.In my opinion that 90 day deed restriction isn't a big deal because most properties don't close within 3 months and even if you rehab it and find a buyer who can close before the 90th day, all you need to do is explain the situation to then and tell them to wait until the 91st day to close.

In my opinion, the soft costs (except mortgage) are embedded in the 70% figure.Have a blessed day.Bill

Too much drama.In my opinion, real estate has not finished its correction here in the US.

Knowing that ahead of time and letting him know you know it may help smooth the situation over.I'm quite surprised there is not a 30-day notice clause somewhere in the lease as that is pretty standard, but if it isn't there then what you've provided points to you not owing him anything past 12/16 in my opinion.

I'm also glad that my story and trail left here on BP has sparked some interest in out-of-state investing, sweet!

The bank could have these assets seised by the Sheriff and sold. http://appellate.nccourts.org/opinions/?