Here’s the deal:Purchase: $165KRehab: $80KARV: $340KDown payment: $40KCash available:$25K to get constitution started and misc items before the first hard money installmentWhat’s holding me back from starting:Holding Cost: $3600 per moneyHolding time: 6 months = $21,200I have things lined up for all the upfront cost but my concern is the holding costs.

Discomfort doesn't constitute an emergency.  

For example, as a PA attorney, I cannot fathom how NY Tax Sales are constitutional (they are, but they are still crazy to me coming from PA). 

That doesn't make them not preferable, just they can have differing opinions on what constitutes clear title. 

This information is not provided in the course of and does not create or constitute an attorney-client relationship, and is not intended to convey or constitute legal advice or a substitute for obtaining legal advice from a qualified attorney.

If you are interested in property battles with the government and constitutional issues surrounding takings, I just published an article about a recent California case involving the Coastal Commission: California Court of Appeal Holds that Required Coastal Easement Dedication is an Unconstitutional Taking - See more at: http://www.businessjustice.com/california-court-of...

Placement of Lien for Utility ServiceNotwithstanding any terms of a contract to the contrary, the placement of a lien for the reasonable value of improvements to residential real estate for purposes of providing utility service to the property shall not constitute a default under the terms of an executory contract for the purchase of the real property.§ 5.068.

I wrote a lengthy legal opinion on this topic recently--digging through the FTB's statements is not how I recommend anyone sane spend a Saturday night--that required fairly extensive research into what constitutes "doing business" in California. 

Pets - in the years that I have charged more - it has been a breakeven situation - I charge more but then there's the cleanup and repair required .The problem is not the pets - it is the irresponsible pet owners who are lazy, cruel and just ignorant.More important, make sure your lease is up to date, and has all loopholes closed and gives you the advantage in monitoring and determining (sole sayso) in what constitutes "keeping the property clean and presentable at all times."

Do you have a written policy as to what constitutes acceptance or denial of application?