Very often the FDIC also shares in the loss in value of the assets that it sells to the new bank.Rest assured, bank failures will again hit triple digits 'sometime' in the future.What I did not track were the total assets & deposits in the failed banks.

What paper do I want in my hands that will provide me a good level of assurance that they've gone through the necessary steps?

When you are getting started not everyone will take you seriously...that's ok, I can assure you they will once you have a few successful deals under your belt.

I don't mind starting with a lower offer, as long as I have assurances the buyer will come up to what I think it will take.

Both my husband and I work and both bring in income but I am crunching my numbers and doing this solely on my income/debts alone- this way I am assured that I can afford this.

Not sure your thoughts about the HOA getting nothing are entirely accurate.I can assure the HOA doesn't see it the way you and I do.

On a refinance, the borrower may have substantial equity in the property to assure that no further down payment is required on the new loan amount.

Rest assured they're not paying $37K for it.

and i assure you i know what the definitions mean.. having furniture in a house does not make it occupied however it is the difference between vacant and unoccupied. ho3 vs dp3 policies.. i could break down all the differences but its not worth it.. if no one is in the building the structure is covered as well as the liability. what else would you need?

You should determine what criteria you have for cash flow per unit, then run financial statements to assure that you are getting the desired cash flow.