We also send things to our attorney to do himself if it's a little complicated.

As the AT&T ads say "its not complicated."

Typically, secured debt (mortgage) survives death of debtor.That's an oversimplification and there are exceptions, as well as local State laws which can further complicate the question.However, if the question has to do with buying a fire-damaged house from the owner of record or estate, finding equity could be tough.

So you should know the remedies as lender to enforce your lien.There are a myriad of issues that could complicate a BK, foreclosure etc., which why it is essential that your the language written in the promissory note and other documents be written clearly & correctly.It would be unwise to assume too much.

It sounds like you're expecting the contractor pick specific materials, and maybe even decide which work gets done, which is unnecessary, how it is done, etc.

You could also look at the paperwork for the purchase closing and go back to the lawyer who handled it.You probably have a simpler situation if it was a single member LLC but the situation could become complicated by a multi-member LLC or any changes in legal status (marriage/divorce) of the member even for a single member LLC.

You may need to structure it in a more complicated way that specifies a minimum amount you will be compensated for these major jobs.

@Stefan K.You could, but if the Vendor and Buyer are already in agreement, it's an unnecessary step and expense.

Thanks Rob Kniola I had thought so too.It would be held by a title company, but I think it unnecessary and somewhat risky.

Most typical analyses focus on trying to evaluate a potential deals, but if you want to evaluate a deal that has been on-going, compound annual growth rate (CAGR) is a common metric.When I worked for Microsoft and some other big companies, we used analysis techniques that were in some ways much more complicated than what you'll see in a typical real estate analysis, but in other ways much more simple (sensitivity to inputs is important for complex deal analysis).