Both the mechanical and plumbing seem to have less left on the contract than what would be required to finish the work (for instance the HVAC guy has done everything but put in the new package unit outside which is about a 5k job, but only 3.5k is left on the contract) but I, nor the owner who has been very cooperative, have been able to get in touch with the electrician, and there is a good bit of work yet to do.When you say $ held in escrow post closing to cover leins, do you mean $ out of the seller's pocket/sales proceeds, or out of my pocket?

Are you using the OREC uniform contract of sale?

The best place to find  gas stations or auto repair shops for sale with / without RE in your area is www.BizBen.com.  

•A proven business leader with 25+ years of management and technical expertise holding multiple leadership positions within real estate, manufacturing, sales management, business development, publishing and hospitality fields.

So she is motivated to sale ASAP.

The only reason it is structured as unsecured is if 1) the borrower's net worth is substantial and it's basically a credit card or 2) collateralize funds cannot be secured for a specific reason (such as high volume inventory purchase/sales) but the ave balance stays constant.

The rate quoted is not dependent upon your credit score, we just need to understand why the score is at that range and has it been improving.Any improvements to the property would need to be paid for with your cash.As we have discussed before, I think you should start with a flip property, maybe even a couple so that you can build up your cash and then use a portion of the cash as collateral for a larger line of credit.

Generally houses are sold for market value as determined by comparable sales not net operating income.  

I went to one of the free guru seminars,  signed up on BP and my local REIclub, I'm starting the 75 hour course to become a licensed real estate sales person and  Ive been reading through the forums and posts here on BP as well as well as webinars etc.

When attempting to purchase a pre-approved short sale, is it possible to negotiate a lower purchase price?