What about lead paint (guaranteed its there if these are pre 1978, but whats the condition)?

However, the VA, as you probably know, provides a gurantee not the loan and qualifying for the loan is another matter, even if the guarantee is there, the lender may not make it.

The kicker is that every member is personally guaranteed on the 60k loan to the bank.The question is this, if the LLC is sued by a tenant for whatever reason, for let's say for 500k in damages.

That is a guaranteed way to attract a bunch of "tire kickers" who just happen to be driving by and want to snoop around your property.

the taxing authorities are selling with no guarantees.

IMO, the bank wouldn't have given you much of a discount anyway, since FHA offers loss guarantees; the bank knows how much that would amount to, and won't want to sell for less before they hand it over to FHA.

If there's any problem with the title, you as the grantor of a warranty deed, guarantee (i.e., "warranty") the grantee against the problem.

So say you sell these shares that you don't own for 100 dollars apiece, with the guarantee of replacing all of those shares at some future time.

All it might take would be news of some economic indicator in your area (I know it's stonger in your area) or other competition to keep other offers from being made during your marketing period, a bidding war is no guarantee.

I have seen so many people like that, and I guarantee you this person won't even return to the next meeting.