Hi Marquest,I'm new to investing, yet to do my first deal, but as I understand it, your contract / Purchase and Sale Agreement is not legally binding until it is filed with a Title Company or Attorney and your Ernest deposit has been made (which should be mentioned on your contract).

Can you make this "contracts or agreements" whatever the official name is? 

We don't know what the appraisal value will be, so we are afraid that the agreement to this price change addendum will put us in a unfavorable position in case the buyer comes back to negotiate down the price due to a lower appraisal value.3.

@Tom HarringtonThere are two main advantages an LLC has over anS-corporation.One advantage is that an LLC is governed by a private Operating Agreement that affords the company a tremendous amount of flexibility, whereas an S-corporation is governed by statutes and bylaws that limit the flexibility the company has with respect to management, profit distributions, meetings and more.

Wholesaling is perfectly legal in the state of New Mexico and in fact the forms that we as Realtors use for a purchase agreement has a section for reassignment of the contract.  

We had this situation once and the squatters had a "rental agreement" supposedly with the elderly owner who had been put into a nursing home.  

@Tobi Van Zandt,I agree with everyone else here that releasing her from the lease, getting her to sign a termination agreement, and returning her deposit was the best thing to do. 

Everyone is in agreement.

If you are having them just review the parking area then I am in agreement with @davidfet\rette that you probably do not need a CASp.  

Verbal Agreement until next week.