He will have violated the terms of the contract and they are well within their right to accelerate the loan if they choose to exercise that right.

Some contracts have additional conditions on the loan contingency.....can’t be used within 7 days of closing, waiver of contingency if not exercised by a certain date, etc. 

I assume the burden is on the current farmer (or previous owner, depending on who installed the tile) to make the legal corrections and provide reasonable compensation (like enhancing my culvert for higher throughput).

It is not necessary for one or more of the comparable sales to be of the same design and appeal as the property that is being appraised, although appraisal accuracy is enhanced by using comparable sales that are the most similar to the subject property.

That way if you have to go to court, as he did, you can claim the 5th and not give them the information/access to your assets, and your attorney can exercise the attorney/client privelege and cannot be forced to give them the information either.

At the end of the day this is a service industry and the best service gets the highest pay.If you wanted to exercise your rights or show off your understanding of the law you could explain the you are only legally required to handle this issue within 7-14 days of notice.

When doing property updates, my "All Star Tenants" get first priority for improvements to their units.My "All Star Tenants" also are rewarded with things such as complimentary professional carpet cleaning of their traffic areas, opportunity to paint a wall or room a different color or another enhancement to their unitIt doesn't matter whether you are age five, fifteen, thirty, or sixty.... seems everyone likes to get a star!

In addition to the bigger pockets webcast, I also frequently listen to the real estate radio guys podcast to further enhance my education.

Folks think it's the first step to becoming a successful investor and a necessary exercise to protecting their butts. 

Rentals should not be held in a corporation unless for strategic tax/estate planning or enhanced liability protection.