Is this legal...I guess he will make the renters rent on a month-to-month basis in case there is a redemption....any insight into this?

That would be no no from legal standpoint and migh also require to file a partnership return.

It is one thing to have tenants screaming in your face while getting evicted but a comment online?

Without the CO, nobody will be legally allowed to occupy the property without an inspection.

@Hadar OrkibiYes I would have an attorney come up with a legal document.

Do not rely on it for legal advice.

I've been looking online and at the events page here.

For online auctions, I was told that If  I  won the online bid, I do not have to be the person who is on the purchase agreement.

While the contract will give a psychological feeling of the “deal is done” in the seller’s mind, it won’t be binding....she doesn’t have the legal ability to sell the husband’s half yet.

The key here is not necessarily the numbers more about the tactic and if it’s LEGAL and POSSIBLE To DO it like this or if any one has tried anything similar to this: Property purchase price: 80,000Estimated Rehab cost : 45,000Property ARV: 175,000Hard money Loan used for : DOWN PAYMENT & FIXED COST.Down Payment: 16,000FIXED COST : 18,000 35,000 ( added an extra grand ) HML 35,000 @ 15% interest with 6 points Total: 46,250LOC used for REHAB : 45,000 @ 3 % interest.Total 47,000HML + LOC = 93,250Remaining Balance On House : 64,000 @jasonDiClementeHML + LOC + RBOH= 157,250House sells for 175,000 SP - HML-LOC-RBOH = 17,750 profit - tax about 11,000 grand ... not really a big number but like I said it’s all hypothetical.