What made you interested in investing in this type of deal?

Also gave me his Business articles of incorporation documents, I even went on the IL sec of state website and it is an active business. 

Purchase price: $135,000 Cash invested: $1,000 Just got this under contact… In the due diligence phase… Contractors neeededddd What made you interested in investing in this type of deal?

Quote from @Chris Coltrin: First, talk to your lender or read your documents to see if the loan is assumable.Second, determine the value of the home.

In between the apartment building and my home, is mixed home types: duplex, single family, across SFR with ADU.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

I have noticed that you post a lot of "a friend told me" type facts and I did read an article about foreign investment into the US housing sector and Southern California was a popular destination because it was seen as a better investment.

A PUD zone would allow this type of flexibility and might get you reduced tap fees akin to a condo rather than SFR.  

Sippy Hey Sippy, I would be cautious of many over priced law firms, are the type of activities you are in need of can be easily done by an experienced accountant.

What made you interested in investing in this type of deal?