It's not fun but you do not want insurance exempting these types of things before closing and biting you down the road.Some attorneys if you call around that specialize in easements and encroachments will talk to you on the phone.

If you were to market it to a homeowner as a "Handyman's Special" for $40,000 or even $50,000 you might make a quick sale, but to an investor, it's not a deal.

yes, that sounds about right, but in the $100k ARV range I'm finding it tough to find 80% deals.I try to stay in within 10 miles of my house, I avoid any neighborhoods that have a lot of rentals (which is sort of funny), etc.I'm having to look outside of my preferred neighborhoods/school areas (not school districts, but say in Mesquite, there are certain schools that renters prefer, so I really prefer to buy in the areas that qualify for those schools.Erik Drentlaw yes, that's the idea anyway, I haven't actually gotten myself to "pull the trigger" on any of those deals,,I try to follow my business model closely, and this is something that doesn't "fit"

I believe while this seems to be an issue in some areas a better way in all areas would be to use a Warranty Deed or if the is financing involved, a Special Warranty Deed subject to the existing financing.

If you have an existing LLC the loan is made to the LLC without putting them on title as that puts them in a purchase of your business interest and any lien on the property makes it a mortgage, IMO you want to stay away from both.I have suggested in the past that LLCs be set up initially to allow a special category of members who do not have management or voting rights.

Michael Lauther,I don't know your age, nor would I ask so for everyone: Just remember under age 59 1/2 you may be looking at an early distribution which means the FMV of the property is included in your income PLUS a 10% early withdrawal penalty.I would be careful with the nonprofit idea as that could be a tough sell.

Also, you have to special order those typically so it takes longer and they cost more, but then you save on the stucco patch.

Appraisers are often hard pressed to go beyond a mile from the subject unless there are special circumstances.

It's a specialized field and I'm no expert in this area but have some background and awareness of developmental planning issues.

If zero down it will be tough to break even on the building.