It depends of the state and any pending law suit may have claims that may remain, however the suit needs to be accomplished, judgment made prior to that sale I'd think, but get to an attorney, there is more to look at than title. :)

The fact that the interior is freshly painted makes it much harder to see evidence of prior termite activity (same with the "new" floors).

Then, you could do some "rehab" using some of your $50K in stocks to get it to pass an inspection by the bank prior to applying for a mortgage.As far as taxes go, if you become an owner occupant, you might be able to reduce the taxes with some exemptions like homestead.

My realtor (whom I really like, by the way) tells me that it would be very difficult to get each seller to produce the swath of paperwork required during the approval period prior to submitting an offer.

Just set the values as customary, the best argument is the % of sale price in it's as is condition, then adding improvements made to the building side as described.Now, had we considered Pat's suggestion prior to the purchase, may be something could have been done that better suited the situation, but not with related members are probably not with a few residential units as that isn't common.

You definitely want a new lease signed between you and the tenants immediately after closing unless there is a lender requirement that you must have one prior to closing.

prior to approval, maybe they would approve adding a buyer, but it will take the bank's okay.

I've also heard on BP that another reason to paint copper is that the paint must be cleaned off prior to scrapping --- and most thieves aren't going to engage in something as laborious as sanding pipe!

The standard contract we use in Florida has very specific languages on who's to pay for what...CLOSING COSTS; TITLE INSURANCE; SURVEY; HOME WARRANTY; SPECIAL ASSESSMENTS:105* (a) COSTS TO BE PAID BY SELLER:Documentary stamp taxes and surtax on deed, if anyHOA/Condominium Association estoppel feesOwner’s Policy and Charges (if Paragraph 9(c)(i) is checked)Recording and other fees needed to cure titleTitle search charges (if Paragraph 9(c)(iii) is checked)Seller’s attorneys’ feesOther:106 If, prior to Closing, Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11107 a sum equal to 125% of estimated cost to meet the AS IS Maintenance Requirement shall be escrowed at108 Closing.

@Robert Piller , in years prior a $1 million syndication was usually worth the hassle.