The seller wants 30% down which defeats the purpose.

From the decision:The separate sale of Lot 2 to the appellants brought about a change in circumstances that defeated the essential purpose of Restrictions Number 4 and 8.

If you plan to set up an LLC, then you might defeat the option of calling it a second home and it could become obvious it is actually an investment property. 

But you've already admitted defeat on finding a replacement that works. 

It defeats the purpose for me...

I had to pass, take another defeat and keep looking!

If it's someone else's company, that defeats the whole purpose, so your advice is useless. 5.

@Kyle MccawThanks Kyle, in today's dfw market bidding higher seems to be the only way to acquire property, which would defeat the purpose of attempting to buy a distressed property to rehab in order to build equity I'm trying to save up more.money from my job.and my wife's to have some reserves I plan to buy my first duplex under at or under 200k However I'm not really sure howmuch to have in reserves for closing costs or for the gc.

Patrick Martinez’s “Defeat and Victory” is a painted sculpture at El Museo del Barrio in New York City.

When you expect someone to perform as you do but then they add no value it really defeats you.