Just because they can't file bankruptcy for a long time doesn't mean they are going to pay all their bills and live responsibly.I will accept a discharged bankruptcy after they've show two years of responsibility AND if they pay a significantly higher deposit.

You should not be basing your final determination on responses here on BP.

Now if you are representing them in the sale, and you have a fiduciary responsibility, then that will complicate the matter.

Let’s say I didn’t do tutle research before purchase.I know that when one buys a property with a lien, the lien from previous owner is now my responsibility.

Thanks for the responses in advance.

Basics Broker is responsible for everything that goes through their office.

@Karen Margrave  who you probably know from BP she ran into this in Oregon as well.. its quite confusing to those of us that came from CA like Karen and I and there you don't need a developers license.. but you need a Real estate license to make any kind of middle man fee.. same in Oregon.I finally got tired of is this legal or not and sent in  a copy of a direct E mail piece I got from a Quote un Quote wholesaler in Oregon that I knew was not licensed and did not own the property here is the response I got from the state.State of Oregon - Real Estate AgencyFrances Hlawatsch | Financial InvestigatorBest regards,Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

Thank you Basit and Karen for your response.

If you are highly responsive, maintain an excellent quality property, and take care of all concerns promptly, the tenants should value that.

@Basit SiddiqiThank you for the response.