Does anybody know of cases where courts have found such lines as "contingent upon partner's approval" or "contingent upon securing financing" to be weasel clauses?

Screw the government, social security and their stupid retirement accounts.

The heightened security in response to the anthrax mail means they'll just end up burnt on a trash heap.

Reserve facility to include "Legacy Assets" that is currently only set up to buy newly issued securities.

Now I will grant that I have a greater need, given our consultancy, but no one that wants to stay out of trouble can afford not to either hire a qualified consultant or a highly experienced attorney with plenty of background in lending law.

I'm sure Jon and or MikeO will come on here and give their .02 but if I had any interest in NY I would take a good look at that property, granted that is you can/could get financing for itand to re-touch on your real question as far as why no has touched it, I'm curious as well how many deals are actually done here on BP like that.

It is also evident that you left out many of the operating expenses, such as management (even if you do it yourself), utilities (even if only during vacancies), office supplies, legal fees, evictions, damage done by tenants in excess of the security deposit, entity maintenance, lawsuits, capital expenses (not technically an operating expense), etc, etc, etc.You might want to read one of the 50% Rule sticky threads in the General and Landlording topic areas.Good Luck,Mike

Does anyone know if the government would give grants to fix up some of these cheap homes and put people in them?

Granted I would have to stay somewhere else but which way amounts up to more sense in doing?

So neither of us have any income to secure the loan...would a bank even attempt to loan to us?