Also bear in mind that should there be an HOA then quite a few major line items are covered by the HOA (which of course doesn't mean that there then might not be a special assessment around the corner...).

Maybe condos or multi units but bear in mind property taxes as that can kill cashflow.

I'm 100% sure there aren't any parents out there in N DE that care about proximity to the 100 private schools within a "15 minute drive" as you pointed out so location has no bearing on their decision to purchase/rent in certain areas..

Else, Lender has to bear the cure and give a credit for same amount to the borrower. 

Bear with me here, because like I said we are the 4th cheapest city to live so the cost of housing is incredibly cheap.

Now that we own it, however, we must now bear the additional cost of the upgrade). 

If this was the only inspection item then it would be easier for to push for the seller to bear the cost but seller has worked with me amicably on some of the other issues outlined in the inspection report (not detailed in this post).  

I bet the owners of Bear Stern, Enron, GM and AIG wish they had that kind of security with their investments.So how does it work?

I am new here, so please bear with me.

The opportunity to have a trust created by another putting their money to work on real estate financing and bearing them a fantastic return and points was fulfilling. (12% Interest and 3 Points)When underwriting any file the same basics stick for an evaluation of the borrower.