he says his job in atlanta fell through and he was promoted to a new position in philly but he cant leave tomorrow because he was expecting his father to give him a little bit from the proceeds but his father never did.

@Joe Hasbrouck and @Steven Hamilton II - I was told by a ROBS promoter (and have verified otherwise) that the C-Corp in a ROBS needs to be real estate operating company, not just a lender or holder of rental real estate.

I will be out of the picture afterwards, but don't want the seller to get burned by a buyer who doesn't make the payments.

And do cosmetic repairs on the rest of the visible gaps.In a previous life I uses to build stone/brick wood burning fireplaces.

It's grandfathered in that you can use them as multi, but if they burn down or are vacant for a period of time, the grandfather clause is wiped out.

Also be careful, land trusts are over promoted as the be all, end all.

@Maura Burns if you're buying very cheap properties like Chris the percentage will be higher.

Burning bridges in REI never helped anyone.

@Michael Sherwood & @Edward Burns , thanks.

They use kerosene and a blow torch to burn off the oil. no scrubbing required.