It is legal, but you are hindered by title company private policies and other things.It is not impossible as proven by other BP members, but difficult.There are other ways to skin the cat.

(Also, none of the workers was wearing protection for their skin, eyes or breathing.)Besides belongings that were in the damaged areas, we have asked that all soft goods be replaced because of the negligence of the cleanup crew, which admitted to us they did not follow proper mold remediation procedures.

It kind of irritated me further because they told me they cover the first six months of maintenance (not something they put in writing but just a nice gesture they make).

I wait to do the inspection after the documents because it costs me about $500 and since the sellers don't have any "skin in the game" at that point, they can just refuse to negotiate post-inspection and I'm out half a G.

Once you have that much skin in the game, you are very close to being able to do something without the aid of an HML.Then, you need to watch out for unscupulous HMLs who will WANT to foreclose on a deal and put it in their own inventory to sell to their own investor friends.

Unless i'm wrong and some banks are now lending 1-4 loans on 5+ unit properties.So most likely you will be looking at 25-30% minimum down payment, as most lenders will also take into account you have no history with RE, so they'll want you to have more skin in the game.

Just report it as mentioned, if they want skin, let the bank do it, I'd say, they will be selling for more so not really any loss there.

She also thought there was a potential to split a lot off the property which I have found that is not a possibility by the building dept. or a survey co.My intention was to offer her 130,000, utilize a hard lender for this and 50,000 rehab and I have 50,000 for "skin in the game".

We have some skin in the game now but it doesn't seem like the bank will give us a line of credit unless we show some " regular income".  

They tend to charge a much higher interest rate, or at least a decent equity split, since the actual borrower doesn't have much skin in the game.