This would also include mechanics liens, Land Contracts, and anything involving the city/township if there are code violations.

That’s helps me understand the basic mechanics.

A mechanic can fake having credentials and insurance then grossly overcharge you for having for crappy work which you wont know about until things start falling apart.

I doubt many investors ever hit their pro-forma numbers dead-on, there are just too many variables to control when it comes to buildings, mechanical systems, and most of all renters.

And these are homes where the mechanicals, roofs, carpet....are all 15+ years old! 

Bill GulleyTitle insurance will cure many title ills, but not all.For one the TI policies often have exemptions which they purposely exclude from the insurance.And secondly in some places Mechanics liens can be recorded after settlement have have an effect on title.

For those who would point to a mechanic's lien and lawsuit as a "safety net" for the contractor who does the work but doesn't get paid back, it's very expensive and time consuming to have to sue someone to get your money.  

If the civil code is so specific in California that he must cover this expense..Why not do the work and put a mechanics lien on his property?

All three ratios get reported to the IRS when the partnership files a return.If you mean what are the mechanics, then I would have the partnership open a bank account and then you write checks to each partner, at the appropriate time.3.

The white single level house on the top half of the picture is in Villa Park IL, I bought this on a wholesale deal on Nov 1, it is the epitome of if you buy a deal right you will never lose, and that is exactly the case in this one, minor mechanical updates and cosmetically update house with kitchen and master bath being the focal points….