Don't think they were fully done when the inspection took place, but it is done now.Punch List EXTERIOR Seal all seams in siding Seal all gaps on trim and where trim meets siding material Caulk all doors and windows where needed ROOFING / GUTTERS Seal over all exposed nails Repair flashing around vents where needed Add kikk out flashings where needed PLUMBING Adjust hot water temp 110 - 120 deg.

@Christian Beebe You're saying you spend $150k on average per year with credit cards for expenses on income properties and you're able to pay-off on average 95% of the card balances each month leaving 5% exposed to being charged interest each month

I am not sure but I think this is a CYA thing that if the person doing the BPO sees any exposed wood or sees any water damage they have to note it which makes the home uninsurable by FHA

For example owning 20 properties with a combined equity of $20,000 held in one entity only exposes the $20k.

Our office does not use buyer agreements either, so we are exposed to that risk of spending a lot of time with a client that turns out to lead nowhere, since the client may choose to purchase with someone elseThey way our office tries to deal with this is by getting exclusive listings, so the buyer would HAVE to buy through us if he really wanted the property and we have agreements with the seller that even if the seller deals directly with the buyer we STILL get paid a fee as the exclusive listing agent.

However, none of this gets our money back - at this point, our main focus is to expose the truth and protect others from being in the same situation.

Look at any exposed plumbing.

A Good realtor can educate you and in the process, expose you to 100% of the market place, to include FSBO.I agree with your innuendo though, a bad realtor actually has an adverse effect on your transaction.Find a good realtor that knows REO and knows negotiating.Good Luck with the property!

Yes it is a different tool but you are exposed to the same risks with a lease option.

Equity exposes you to frivoluous lawsuites, 3.