Although it's not as important as Senior Lien status, determining equity doesn't necessarily drive the outcome of the deal but it can protect you in case of default.For either 1sts or 2nds you can also look at where the property is located to determine foreclosure timelines as well, which could be important in the event of a default.

Although you don't have to worry about the risk because everything worked out for you, the risk that you would take in such an arrangement is complimentary to the risk that the seller is taking in trusting the buyer to protect his credit by actually paying the bills and by not leaving him with a destroyed investment to have to sell if you were to default.  

How do you protect the windows?

Also non-recourse loans provide great protection. 

I am able to find deals that he can't. because he does not have the time to do so I feel I should make a contract to the realtor but should I give one to his investor also to protect myself?

But as it is coming in 3rds I don't want to end up screwed if 1 decides not to pay.I am looking into a few of the apps such as Cozy.co to switch them to that for payment.Thank you for the response.

Deceide what other electrical work you need like hanging any light fixtures and putting in n exhaust fan in the bathroom and adding any light switches and get  package price for everything ekectrical that you need to get done.

Hey Guys,Does anyone know of, use or can recommend an app for the iPad that can create a 2-D floor plan of a house or apartment but also includes professional notations for where the light switches, outlets and other mechanicals of the house are located or relocated.  

The safety switch on the furnace isn't working, which normally would be an easy fix, but the copper pipe running through the room is really running THROUGH the room.  

@Scott Trench   I have a Dell computer. and two screens that I can switch between