@Adam Frantz before purchasing, if the unit is occupied, I ask for an estoppel to be completed if no hard copy of lease on file or lease is unclear and Addendum R plus proof of payment for the past 3-6mos.

Last Friday afternoon I was due to close on a cash out refinance, I spoke with the title company first thing and they told me they have all the documents apart from the settlement statement.The title company tried to make contact with the person who sent the files but they were unable to make contact.

All you need is to file a Fictitious Business Statement and then have your CPA get a Tax Identification Number from the IRS. 

Since you don't own the property you cannot make any major repairs or improvements to the property without the owner's consent because if you make repairs and don't pay the contractor(s) then the contractors will file a Mechanics Lien against the property and the owner will be liable to pay the contractors.If you do repairs to the property and you don't own the property the owner can sue you for destroying the property.Should the seller decide he (or she) no longer wants to sell the property because he either wants to keep it, or he can sell it for cash on the market then he will sue you in court for whatever his attorney can come up with and you can get sued just because the contract the seller wrote has some b.s. that makes in not valid.It doesn't matter whether you are right or wrong when  you get sued because when you receive a Sheriff serves you with a lawsuit you now have to make some serious and hard decisions in regards to whether or not you want to pay an attorney $50,000 to $100,000 to settle the lawsuit that often takes up to 5 years to settle in court.How do I know all this?

Average permit filed for new construction monthly is up to 121 month from 55 month one year ago.

Setting up multiple LLC's, paying annual filing fees, paying a CPA to file 6 tax returns, 6 bank statements, and keeping each separate may mean you now need a staff book keeper on payroll.

Look at getting a title company report to see if there are any liens or lawsuits on file and making sure you are insured at the end of the day. 

Your credit file, income, DTI, etc. will determine your interest rate. 

Now, I haven't actually filed the memorandum at the court house but I still would not be on the deed for him to get the financing, and my attorney said that I am better off not doing that as it could appear to be operating as a broker.HELP ME PLEASE!!

@Jack B.Hey Jack, have another spin through my file, I’ve chatted about owning property a fair number of times I’d say.