I found a house off searching tax liens, and the seller is an elderly person who has a relative helping to get the house sold before the lien redemption ends(this month)They refuse to do a contract, i even offered to make it just a week long, at least enough time to market the house, throw it on Craigslist whatever, as i know they have limited time.I think they are trying to work other angles, which i can appreciate, and they seem eager to sell( i got them down to $10k + i would have to pay the 4500 lien) Recent solds show about 32-45k comps, and my agent says the area(moreland ave) is a lot of investor activity.Today they told me "we'll do a contract once you have the funds ready, but we don't want to do all the contract paperwork, we just want cash upfront".I explained i work with investors and I can't market the place without having a contract, and i wouldn't want to knowing they can sell it from under me.Should i basically forget about it and move on?

We would like to get the zoning changed to make it a legal SFH and complete the interior conversion (basically making the 2nd unit living/dining into bedrooms)Does anybody know if I need an attorney or if I can just submit a zoning change request with the city?

If the income you're making relative to the net proceeds (equity) or return on your equity is high enough and the prospects of appreciation are strong relative to your other options you may want to keep it but, if you're making a total return of lets say 15% but prospects for 25% return can be obtained safety in abundance then you may want to consider to grow your money quicker by selling your property.

Work hard and do well in school, develop your basic life skills and most of all HAVE FUN.

Basically anything I wanted, even if I didn't want some of those programs

After a year, the utility company requires air pressure tests, permits, meter/safety checks and who know what other hoops I'll discover and jump through.

I am interested in investing in “Assignment of Rents by Lessor” agreements.If you are unfamiliar with them, basically, I would be giving the property owner a discounted lump sum for the right to collect all the rent payments from a tenant.

You should put a financing and appraisal contingencies in the contract for the new home.4- Assuming you (and your family) are going to live in the new house there are a whole slew of other items for you to consider ie: school district, neighborhood safety, travel time for work, etc.I wouldn't worry too much about getting a deal on a house I'm going to live in unless it is for a very short term.

(though we already have the basic design complete on the website), so they're down the road a bit, but will be great for vaca rentals!

If you do it the way I described, your partner is basically buying the property himself, then forming a partnership with you to get the work done and you are securing your interest in the property.