While I believe they aren't as strict now, they are probably the most restrictive in lending, so, while the window may not be required, if it's there my bet is the glass will need to be replaced.

While filings are a good thing to do for the optionee, they should not be free to cloud title without a detailed agreement or restriction.

Yes, a lease with rights to sub=let, an option and a seperate agreement for work to be done.I have no idea what Brian has as an addendum, but, an addendum is an addition to some basic agreement, if laws and custom restrict one from doing something under certain types of agreements, it's not a good idea to write another part of that agreement saying you can do that forbidden act!

I ask because there could be seller/ shorting lender restrictions on your ability to resell.Also, note to the other posters, Massachusetts convention is signing an offer to purchase, conducting inspections, and THEN signing a P&S.

It needs to address the functions but it should not be written so strictly or well defined that your by-laws or operating agreement becomes restrictive and requires modification to make a left turn.

Carrie Collyer - Your PM abilities were restricted because you were sending the identical message to multiple people.

Even with the tightening market and lower inventory levels we are managing to find great deals there, although it's tough.Your 1% rent-to-value ratio is very good for Houston.

You can convert an investment property to a primary residence and take advantage of benefits of the section 121 exemption for primary residences but there are limits, restrictions, and caveats. 

I've had several say they tightened standards down to 60% - 70%.

The insurance industry has REALLY tightened in Colorado and California.