I think your biggest concern is do you want to sit on a vacant unit for 6 months.

As far as a lender is concerned, you own it free and clear.

David,When Canadians buy real estate in the US, they have to be concerned with four things, 1) how to own the property, 2) taxes, 3) probate, and 4) nonresident estate tax.

Steve,The original poster says that s/he is concerned about what the seller is not disclosing because there were previous claims and is even asking about suing for a false disclosure.

Or something else that doesn't pass the FHA smell test.If it is SFR though... it probably is property condition that they're concerned with.

That is my concern, since I don't know if the wiring or building in that room was done up to code or not.

Nate is asking how do deal with his situation and is the one who's really concerned he's being ripped off.

That’s what I was most concerned about, how would they would respond to that offer.

My biggest concerns are as follows:No evictions in last 5 yearsRental historyWork history / incomeNot breaking a lease to move into my propertyAcceptable reason for movingNo violent crimesNo drug dealing convictionsCredit report verifies info on application (honesty)I don't care about the credit score.

It will barely cash flow and I am okay with that.I am more concerned with the competitiveness of the financing I am being offered.Thoughts?