A practical necessity no doubt, but a constraint that could limit your ability to review the required volume of deals and quickly pounce on a killer opportunity.

But granite is very practical, it's for a rental not your home.

There has been no due diligence with regard to zoning, permit costs or needs, liens, existing mortgages, property taxes, insurance costs or other considerations, practically nothing useful and needed other than a maybe on the ARV and a guess at repair costs.

Just like anything, a bit of education and practice is all it takes.

You or the buyer or both might need to spend a few hundred total to get a real estate litigation attorney to review all of the documents.They can be realistic with you and give you the odds of specific enforcement and if it's worth your time and energy.There are laws and then life experiences the litigation attorney has about trying cases or suing etc. and how practical or pie in the sky it will be to win.

COC 35x4+interest.As an example, here in the area we have a large custom home builder that finances and sells the notes, practically all the investor does I wire the money to the closer, the note goes to the servicer the payments go the bank....Go fish!

Its like buying your new Mercedes and the salesman you are dealing with drives a Dodge, you wouldnt want to work with them as they are not familiar bc they dont practice what they preach.That is just my opinion.

However, the right of a tenant to introduce a qualified replacement for any lease is common practice and generally provided for by law.

I did homework all night pulling comps, getting prepared, practicing what I was going to say.

Well, great, but in that case there were other and perhaps undue influences (in the bank's mind) to dump the property and move on, so it's questionable that that transaction met the definition of market value.But, if you are in business you usually want to follow generally accepted accounting principles, no requirement to for a private entity, but acceptable practices flows through to other issues, like taxes.