I'm not a lawyer, but I would think the new owner would not be personally responsible for a security deposit he didn't receive.

With $3,000 budgeted (which seems high pending condition for just carpet/paint) and it being the slow point in the construction schedule you should be able to get some great bang for your buck there.

I am interested to lean more about this.I am looking at a propert and under " special conditions" itt says estate/trust.

Better or worst condition, amenities, unit size, location, You need to walk the properties and compare or find someone on BP that lives in Desoto and after signing an NDNC may be able to walk the property for you.

Depending on your experience level though it might make sense to flip 2-3 houses first to understand how to deal with contractors, lawyers, lenders, agents, etc when the stakes are lower.Even though apartments are commercial properties, getting some of the basics under your belt will result in 2 key benefits:You will have a good idea of estimates for normal repairs to the units and can better understand what properties will take once you purchase them to bring them up to your desired standard for the area.Your potential investors might have more faith in your performance if you have some other investing experience under your belt - might even want to consider getting 1-2 rentals to help with this "resume building" if you are going for a number of investors that may not have personal knowledge of your capabilities. .

You condition them to your solution.I hope that helps!

So, get a good lawyer when you do any contract.My experince has been, if a person is seeking a land contract, they can't get a loan from a bank or other lender.Land Contracts do work if done properly.

If it were worth a lot more than the current price in it's current condition then somebody would have probably bought it.

I am contemplating making an offer on a 1995 double-wide mobile home through one of these auction sites but saw two problems that concern me: 1) the back door won't open - it seems to be pretty firmly jammed shut; ...

I've been looking at the pre-foreclosures and foreclosures on the BiggerPockets Marketplace, but haven't scheduled any viewings or called about any of the properties to find out the condition they are in or any repairs that may be needed.