I know these abatement companies charge a small fortunate to properly abate it so I Was wondering how you deal with these situations (if you have) I have a nice deal on a 2 fam. on the table it's an estate sale but it appears there is asbestos covering the steam mains in the basement.BEing it will be a rental along with the fact that these old steam pipes can and will leak over time so the asbestos issue will have to be addressed sooner or later.What are yoru thoughts on this?

It led people to do crazy things and the words "CASH OUT" are the difference makers.If someone simply wants to refinance all or some of their costs and recover a portion of their costs, that is a different strategy that buying a property simply because the math says you can walk from the closing table at refinance with all of your costs plus additional cash!

You just left some money on the table.

However, it's been a PIA to get the lender to the table.

Since most title companies will not let you use "C's" funds to buy the property from seller "A", you must come to the table with funds from another source, typically for a few minutes to a max of 3 days, and end buyer "C" must either have cash in escrow or a clear to close from "C's" lender.

He left money on the table, but he got what he wanted.

From listening the the BP Podcasts (Currently up to show 27) one of the hardest things for investors to find is a good and honest contractor... hoping my construction experience can bring a needed element to the table.

Underpricing can leave money on the table.

Hope everyone at the closing table just wants to get their money and won't care that it has been assigned.

But if the deal is good enough, well, you pretty much answered your own questions.The trick is to find someone reputable, who won't change the terms when you get to the closing table, and who won't set you up for failure by funding a deal he knows is likely to go to foreclosure.