Shame.Keep in mind in Nevada you need a license to do any kind of real estate lending.. one complaint to the Nevada division that regulates lender will shut this guy down in a heart beat..  

I shut off the water and went inside to check and low and behold the roof was leaking not only under the swamp cooler but also in the enclosed patio.

As long as they have a church, bank and school the likelihood of them continuing to be there for the next 50 years is strong.

It's possible underwriters see this and shut it down right away.We have many current clients who have this blended model, but they are local to their properties.  

or did they have them shut off?

Here's the quick and dirty on the deal:purchased from a wholesaler on the local REIA email listpurchased for $42K all inlocated in 21213 (Belair-Edison)delivered vacantWould like the rehab to come in under or at $30KWhat I've done so far (in order):answered wholesaler's ad/emailset up a showing (it was a very quick walk thru b/c tenant was there and didn't know I was coming)put in a cash offer over text messagewholesaler emailed me the original contract between him and seller and an assignment contractchose a title company (because this wholesaler didn't insist I use his) - first verified over the phone that the title company is familiar with how wholesale deals are structureddropped off my $1,500 EMD deposit at the title companyscheduled an inspection of the property through the wholesaler - this was delayed multiple time because tenant vacated later than planned and the electricity was shut offcalled BG&E to get the power turned on in  my name (even though I didn't own the property yet) so that my inspector could properly check the boiler and electric systempurchased a lockbox and left a key on the front door for BG&E to verify that the property was vacant - they most likely required this because the previous tenant had a large unpaid balancegot a full inspection from a licensed inspector (who is also a contractor, flipper and appraiser), which took about three hours altogether and cost me $375Met the neighbors and gave them my phone number in case anything funky happened at the property.

Account ClosedIf the property is listed on the MLS, any Listing agent worth their salt is going to sniff out your "and/or assigns" language and shut it down.

If you can’t look for potential red flags, lots of cracking in walls and ceilings, doors that won’t shut, crumbling foundations, or large cracks in foundations, updated wiring, roofs that are curling or missing shingles and will need to be replaced.

We just sold our church building and property. 

The church is for sale.