A lesson for us all to watch for back doors through the leases.We closed on it last week with a negotiated $1 bill of sale for a few of the items and 30 days for the seller to remove everything else.  

Before I leave that brain food on the table, these questions, which hopefully we can give our own answers to (those who wish to), are not meant for direct answers, they are purposed to make us think and hopefully by doing so come to some understanding of quantification of just how hard our money is going to work and the affinity to risk that carries with it.

Major factor here is who the house will appeal to, if its a house that likely would appeal more to a family with kids (which most houses are) than the fact that there is a busy street in front of the house will instantly remove it from being an option. also, busy streets only tend to get busier over time therefore property value tends to just continue going down. there is a recent property flip that I passed on because it was on a busy street. large home with comps in the $350K range, it was for sale by the bank for 150k and another flipper bought it, I was too scared to even offer on it because of the street. they finished the house very nicely and they have it on the market for 250k right now. thats $100k below its comps that are just 1 street over. its been 3 months and the house is still for sale, he probably doesnt want to drop price because he likely has little to no profit left.

You have a laundry room, so most probably there is a house meter and a house hot water heater.What about lawn care and (if necessary) snow removal?

How would you do it differently, etc.I love being self-employed, but my business model (advertising agency) makes it nearly impossible to remove myself without staffing up in a big way... which has it's own challenges.

I’m on city water and I had all the old pipes removed right out to the street when I bought it.

If a person owns 15+ fast food franchise locations and 4 auto dealerships doing over $50M a month, is it that far fetched that this individual may not want to "advertise" his ownership interests to the general public?

Send me a message and I'll hook you up with my guy I use for oil tank removals.

But, when it gets in front of a judge, if the judge sees that the GC breached the contract and wasn't entitled to that 10% until the contract was fulfilled, my guess is that the lien will be removed, and depending on the state, the GC may also be penalized for filing a false lien.

Looks like a great property...spend about $500 on trash removal and it'll look $5K+ better!