When you are ready to make an offer on a property, it is generally okay to put the contract in your own name (or the name of an existing company if you have one), then form a special purpose entity to hold that property after your inspection period expires: there is not need to incur the cost of forming the entity until you are committed to buy.

If you mean for a rehab, definitely consider National Real Estate Insurance Group as they let you add/remove properties on a monthly basis and don't bother you with inspections.

Above ground tanks are fine because they can be inspected easily.

I would also make sure to get a good inspection done beforehand.

Do you need to install manholes or fire hydrants.You also want to find out the bonding requirements, inspections and CO process.

I've never heard of anyone requiring this, so it seems strange to me.You hate to think the worst of someone, but since they just bought the place, I can imagine they have a home inspection report full of little things that need fixing, and I worry that they're trying to pass the cost on to me.

Only issue was that the town couldn't inspect footings and made them hire engineers to stamp on the structure and say it was safe.

So, that's materials, project management cost, caring cost, permits, taxes, insurance, architecture, utility hookups, inspections, delays etc.

I had to waive the inspection repairs.

@Matthew RembishWhy are you giving up - just b/c the property is under contract the deals not dead.As a hungry investor and what looks like a good opportunity here’s what I’m doing1) submit a backup offer - let agent know if they ask for a penny on inspection call you back2) something tells me if this was that good of an opportunity $5,000 wasn’t make or break.