TX las doesn't require a natural death in the house to be disclosed so it might be a stretch but I wouldn't leave any stones unturned on a home that has been sitting that long.

So you have an air handler that looks like a regular forced air furnace and it has an evaporator coil in it that gets cold or hot depending on what the thermostat is requesting.

I would also need to consult with the guidelines to determine if adjacent lots are acceptable on a program of that nature?

If that happened on a regular basis I can see how that logic would be solid.

If the management firm has written a plan of regular inspections, it shows they will take good care of your property.4.

Plus even slowing down the market still naturally appreciates.

Sometimes seeing a home while its raining is a great thing.Inside 1. level floors(some sloping is natural in older homes) 2. lay out.

Sellers will try to get away with this if they can.If you accept the deal like this with a defect, you can be sure that a future note buyer will expect a discount if you don't clean up the issue.As for FOMO, I think it's the nature of the beast for new investors.

For a loan of this size and especially quick nature it would be market to ask for 1-2 points up front. 

Its great that he did a bunch of the legwork, but if he is the one nearby and you are further away, that ist he nature of the partnership.