If so, those tenants are morons for going along with it, and I frankly don't see how the owner plans to actually get the judgment if the tenants haven't done anything wrong. 

At any rate if i were to head East these towns in Michigan are a hit and property can be had for a song.

A Song of Ice and Fire series - GRRM, super intricate and full of twists but it is a commitment.E-Myth Revisited -GerberOn the Road - KerouacRichest Man in Babylon - ClasonLeadership and Self Deception - Arbinger InstituteTreasure Island - Stevenson

I just figured a buyer's agent would remain and only be called a buyer agent PERIOD.thanks again for going the rounds with me Bill Gulley & Will!

I have one in the process that going to be all new inside but I got it for a song and it is a mid 90's model.  

Hello - I'm in the process of purchasing my first Single Family Investment property and I have a few questions as to how to go through with the purchase -- My Father has offered to be the bank as I don't have 25% down for an investment property -- but we believe this property is a solid deal and I would like to capitalize on that.Background:My father has offered to pay 100% of the home in a cash offer to assist in getting a better deal, I would be responsible for paying ~25% of the loan back inclusive of interest, within 12 months (essentially, the entire first year would be spent building equity and repaying the loan)At which point in time, I will be responsible for going to the bank and getting a 75% LTV mortgage for the remainder of what is owed to repay him his capital. 

I have used the BP calculators & some of the guidelines recommended by Brandon turner  but I'm not getting the same results he recommends so I'm trying to decide if I take the plunge or forgo the deal until I have a larger down payment.   

If you are experienced and know what you're looking for then it might make sense for you to forgo an inspection.

If a contractor can't manage his business in order to get paid after he has completed the job, then he isn't worth his salt.They will give you the song and dance about needing you to have skin in the game so they don't lose out....this is just silly as they have the BEST position to be sitting in with the ability to file a mechanics lien on the property. 

I can't blame great GC' for going after the best paying jobs, but I still need to move my own situation forward as well.