EPA does have some federal regulations related renovation and pre-1978 housing but I don't know how enforced it is.In any event you could not have it tested now.

Remind him that the other two will not be denied based on income or credit history but only on criminal history and rental history, as it relates to destruction of property, etc.This should put him/them at ease and at the same time get you what you need.

I'm here because I want to expand my knowledge of real estate and ultimately, continue on my real estate-related goals (financing a new development, REIT's, real estate sales).

All kinds of agreements can be reached in RE related areas as well.We also kick around many legal aspects of RE in the forums, financing issues, landlord-tenant law, title issues and other things that can get you in trouble if you're ill advised.Most in RE that I see on BP are new, I'd have to say getting legal advice in forums is a big mistake, while we may have seasoned investors who have been doing things for years, we all fail to keep in mind at times that all RE is local.Most seek advice as they seem to think they can't afford an attorney.

Things have been going relatively well and I have been learning tons as I go through the process of inspections, screening, repairs, tenant management, etc.Well...today I got the first 2 calls that are "trying".

To our Flippers out there:I'm wondering about a few questions related to a CMA for a property you're interested in:Would you always personally do a CMA or have your agent/broker do it?

-Employment security issues are related to a foreclosure, not a short sale, and Not the same thing.

I'm not actually interested in investing in California real estate, it's expensive with very low returns relative to other parts of the country.

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?

As a fellow Orange County resident, I can relate to your cash-flow dilemma.