I have a few international buyers in line but just in case it falls out I still have time to look for other buyers.

Now, if there is a wall falling off or a roof caving in, that's another story as those should have been obvious to the seller/rehabbers.

Ukiah has survived other market shifts, namely the closure of Masonite and the fall of the timber industry.  

I will do all the leg work, manage the construction, oversee the sale and he will be a silent partner providing 100% of the funding.  

Previous owner didn't keep maintenance up to what it should be, but they are not falling apart either. 2 homes are rented out with long term tenants of more then 4 years and 1 is empty.  2 houses appraised for 96 thousand each and the other for 86 thousand.

In terms of market rents for that area, the building does fall into the average range of market rents.

Make sure you dont fall in love w/ the property as I see the amount for rent creeping up. 

I'm not a lawyer, but I "think" liability would fall on to the owner of the property, not who's responsible for the note.

But I'm sure that there will be another chance for me to meet you guys this Fall.

If for some reason the deals falls through, what is my (the assignor) responsibility to the seller should the buyer (assignee) backs out for whatever reason?