The buyer makes an offer (say $240k), defining what they can put as a down payment, and the terms s/he proposes.

While California renters probably breathed a sigh of relief, property owners, at least at Primrose, scrambled to raise their rents before the legislation becomes official law.Tenants at the 26-unit Primrose, located north of the city limits on U.S.

It will be interesting to see how this plays out, because this last July, Seattle also passed new land use legislation that allows up to 2 additional units on a single family home property (one attached accessory dwelling unit and one detached ADU). 

These are basically proposals, not the actual offer.

Currently IL has passed legislation to outlaw it, but it's not to North Carolina yet. 

Cash may be one of the options I propose but I would also like to give other options hence the reason for this post.

His proposal is Kitchen line rerouteWe will start by drilling a hole in the kitchen wall & by garagedoor.

Does this vary per lending institution or is there actual legislation involved? 

@Michael Mahan Both proposals were for simply swapping out a furnace & AC?

I'd be interested in opinions or experiences about this proposed business model: (1) Identify lots that appear likely to increase in value. (2) Scrape the lot--i.e., demolish existing structures using a professional demolition company that follows all local regulations. (3) Move utility connections (stubs) to an appropriate access point. (3) Grade, gravel and fence the lot. (4) Hold as needed. (5) Resell.