If you do go that route, you sue for "specific performance", meaning that the court can order the defendant to fulfill the terms of the contract.The question in this case goes to whether the contract was fully executed. 

I highly recommend Champions School of Real Estate's online program. 

I understand you can use any certified/licensed appraiser....i didn't know if there were companies that specialized in distributions from self directed ira's that understood the need for a conservative appraisal that could be defended to the irs.Thanks again

It is like having heavy weight champion on your side. 

@Scott Champion, typical approach will be take your stabilized NOI divided by market cap rate.  

But that doesn't mean you are in the wrong, or that you are not able to defend yourself, or that it will result to much.

I have most my issues buying in abstractor states.. but your right I had Chicago title miss an issue in Oregon were my property ended up being landlocked.. took them 3 years to defend my title and get me access.

Otherwise, you have to defend the lawsuit, in which case you might win the case but effectively lose all your assets because of legal fees.So, you see whatever youare doing as a BRRR investor doesn't make sense? 

I do most of my education through champions and have been very pleased, but was looking for a few more recommendations to pass along.

Ask any attorney who will give you an honest answer, and they'll say that a litigation lawyer is more likely to file a nuisance suit with little to no merit against a defendant with significant assets, than to file a legitimate suit with demonstrable merit against a defendant with little to no assets.Bottom line, in our super-litigious society, I think it's worth spending a few additional bucks to have plenty of liability coverage.