Love that @Alan Da CostaGreat point. 

HOWEVER, a bounced check, ie theft of service, would have me filing a private criminal complaint and getting local DA involved. 

Quote from @Rishi Da: Purchase Price: $420,000Down Payment + Closing Costs: $98,000Repair Cost: ~$50,000ARV: $570,000Forced Appreciation: $100,000Deal: $420,000Comp 1: $545,000Comp 2: $620,000Comp 3: $580,000This was just a on-the-surface deal analysis and I was wondering if I was doing it correctly.

Your local Sheriff & DA & Judge will appreciate it. 

Quote from @Da Shiek Woodard: I came across Pace Morby talking about Subject To, and it really resonated with me.

forgot to throw in the cash on cash return calclet's assume the same numbers SGAI= $66,00012% v&C @ $-7920Effective grosss= 58,080less op ex-taxes (assuming assessed value somewhere in the range of 900k), DA's= 10,700-insurance @ 900-repairs 5% @ 3,300-capex 5% @ 3,300prop mgt 10%@ 6600 (even though we'll be managing it ourselves)op ex at -24,694NOI= 33,386debt service ($2,460 monthly) @ -29,520pre tax cash on cash return of $3,866investment down on original SFR= 168kNC cost of rear unit  = 325kall in cash amount = 493kCoC of .78% ....if you take out prop mgt of 6600 (because we'll be managing it) its 2.12%...is it safe to say that COC is not as useful in sub-markets/properties where the properties don't necessarily cash flow great and lots of the upside rests in the rental growth and appreciation?

Then another goes badso it only took about 6 of these going bad to get them now in a very negative position.. and stop paying their sellers.. who then went BAT SH###T on them  filing complaints at the DA and AG.I ran into them and offered to help ..

(i) the term "Insured" also includes(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin;(B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization;(C) successors to an Insured by its conversion to another kind of Entity;(D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title(1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,(2) if the grantee wholly owns the named Insured,(3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity, or(4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes.

Hard to say what the DA will do.

You can seek criminal complaint, but it really depends on DA, location, amount, types of acts (check kiting, fraud, etc.)