thanks so much for responding, i was not clear about the problem at the end and why i changed my mind. i was told that my loan was ready,my funds were ready, but the lender on my side, was requiring more documents from the sellers lender in reference to the preforclosure status of the property. my realtor says he doesn't know what they meant because "they don't do that here in oklahoma." i was also very unhappy about repairs that were made to a garage door and roof.

It cost $35 and for my $75,000 (new kitchen, brand new added bath, windows, doors, roof etc., tile, floors) he gave me $14k.

Positive cash flow $4,600 annually.Building is in good condition, new roof two years ago.

When you close, your risk in the deal goes through the roof.

Is this signs of roof leakage, and if it is how easy is this to fix?

There is a roof garden on the second floor behind the apartment...I have a landscape designer to build and maintain that for readings and events!

They have painted, used power tools, measured and cut siding, placed trim, dug ditches, cut sheetrock, pulled carpet, filled dumpsters, swept roofs, raked yards, cleaned driveways and gutters, built walls, hung new cabinets, hung notices, sat in court, and so much more; if they knew it or not learned more hands-on Real Estate than any book could teach them.All that said, my 23 year old daughter wants to get into the business.

But good to check with the city as to the requirement as the neighbor may need to move the fence again as the roof overhang may encroach, side set backs may apply to the roof, hopefully they will grandfather the building and not have you shorten the house, LOL.

Here's the scenario:I am the Realtor/Investor (all cash)My contractor partner is going to act as the General for some items (plumbing/electrical/HVAC/Roofing/garage door/carpet) and will do the other work himself(roof tear off/siding/5 windows/exterior trim/interior trim,minor interior framing/1 full bathroom rehab/, ect.).

J if you cant adapt....you die in REI, especially with Consumer Protection (CFPB)The days are gone when you can write a REI contract on the roof of a car.