It's a bit of a gray area for some attorneys, and they think it improper to possibly put an owner in that situation.There are some real positives for doing a Sub2, even with a due on sale clause, but both the buyer and seller should be well informed of the potential gains and losses with the method.

It's no fun when I am buying a property and I have to correct the contract.

In my experience most properties with structural issues are not discounted adequately to cover the cost to correctly remedy the problem(s). 

Flooring, counter tops, cabinet doors, hardware, and paint chips and some things I can't even identify.Anyone have some good methods for dealing with this madness?

This would mean digging a hole in the right place and planting the existing mailbox at the correct position.

@Dorothy Ma If I read the zoning correctly, this particular block can only be duplexes limited to two stories.

You're correct; our decision to pursue developing a new MHP is based on demographic data and economic employment analysis (aka, base employment analysis) which, when coupled with other specific reference points, clearly indicates an opportunity.

Sorry. I didn’t mean to double post but I can’t delete the forum.

Hey BP, I’m looking for any advice that an amateur investor like myself can use in order to locate and determine a less expensive market in my general area where I can purchase and rent out my first property. I...

So if they remaining loan is $160,000 like you said, $10,000 is my available cash, but I wouldn’t use that $10,000 as a down payment, they would use the extra 15-20% over the 20% threshold of my original home’s equity of $40,000 as a downpayment for new home correct?