There's no net income in this situation.

There's a situation that was presented to me about twenty minutes ago that has left me searching for quality solutions.

Apparently the second buyer terminated rapidly after talking to neighbors who told her the HOA is very slow and reluctant to proceed with repairs.If any of you guys have dealt with a similar situation we would love the advice.  

I thought as an introduction I would give some insight into my current situation and hear some of your thoughts.

If they have stuff in their past but can explain it that’s ok for me sometimes but if it smells fishy and is setting off alarm bells which it sounds like in this situation is then you should listen to your gut and pass here.

I am wondering if anyone has been in a similar situation of switching/diversifying from peak cities to up-and-coming cities?

I still no nothing on probate at all really starting to look into because a few of my leads will be probate situations but if the owner has no heirs is there still a way for me to get the property

I feel like the answers you're looking for vary so much from one municipality to the next any advice given from knowledge gained from elsewhere may not be relevant to your situation.

Are there situations where it may be better to pay them in-house under your LLC or S-Corp?

when I say you lose money its all the money you pay 3rd party professionals to do proper due diligence you get your EM Back.in the case of my situation right now were I have just under 400k in cash out on my Oregon deal.. if I don't close I lose it all.. but this project also will make us almost 10 million over 3 years.. so like I said RISK/REWARD... and when you step up to big land deals your competing against big players.. like my deal I just beat Lennar and Horton to it..