Hey Marie,I agree with you that disclosures in general are poorly constructed; just to clarify the exact wording of the disclosure for this issue:"Are there now or have there ever been any underground tanks or toxic or hazardous substances such as asbestos, urea- formaldehyde, methane gas, radioactive material, radon, mold, benzene or other environmental contaminants on or in the property?"

They sent out official resignation letters to all homeowners in the email database and also turned in their information/materials (documents, folders, etc.) to the remaining board member soon after.

As Bill stated to a certain extent depending on the origins of the note will direct a certain portion of the material you request.

Agree with Uwe that a buyer for a package is going to want a discount vs individual sales.

Also the recent comps are $240,000 (for a great renovation), $225,000 (for a pretty good rehab....nice kitchen, nice bathrooms, good curb appeal, standard everything else), $190,000 (for average rehab.....basic, cut on finishing materials, etc.).

I've got the Smart Key on one rental, but someone pointed out some time ago on this forum that it would be easy for a tenant to figure out how to rekey the locks using the little Smart Key tool (which I believe is identical in every package), so I'm not sure if I'm going to keep using them.

The financing package I’ve put together, which involves both commercial and private money, has me leaving 2.5% of my cash in the deal.

Only those who materially participate in the business (see page 40) can deduct current expenses against non-Christmas tree income, unless the passive owner has passiveincome to offset passive losses.

I also enjoyed John Becks educational materials but he pushes to hard to get you to spend more money.

I do not see a legal problem and it is basically 2 separate transactions that are kind of a package deal. 1 deal you are just taking over payments, the other you are basically buying for $88k.