I'm more concerned with the mechanics and what makes a deal a -good- sub2 deal.

@Stephanie Moran he can and probably will file a mechanics lien on that house!

Buyerwill be responsible for any costs incurred by Buyer for any inspections or certifications obtained according to the terms of thisAgreement, and any costs incurred by Buyer for: (1) Title search, title insurance and/or mechanics' lien insurance, or any feeforcancellation; (2) Flood insurance, fire insurance, hazard insurance, mine subsidence insurance, or any fee for cancellation;(3) Appraisal fees and charges paid in advance to mortgage lender(s).Line 707 the selling agent says my realtor was supposed to check off:Buyer and Seller agree that if there is a dispute over the entitlement to deposit monies that is unresolved_______days (180 if not specified) after the Settlement Date staled in Paragraph 4(A) (or any written extensions thereof) or following termination of theAgreement, Whichever is earlier, then the Broker holding the deposit monies will, within 30 days of receipt of Buyer's written requestdistribute the deposit monies to Buyer unless the Broker is in receipt of verifiable written notice that the dispute is thesubject of litigation or mediation.

Not every lot / configuration can handle this parking count so important to check what your city/town will require.After you have verified the project is feasible thru the City, the big considerations are power, water, sewer, and mechanical.

If the property is permitted to have 3 units, then you have to consider finished ceiling heights, window sizes (unsafe to have "basement" sized windows for an apartment), flooding potential, placement of the mechanicals, size and nature of the entry, whether or not there are 2 ways to exit and a number of other practical considerations and considerations dictated by the laws and codes of the area. 

Buy HD or Lowes or Menards gift cards at the supermarket and you effectively get an additional 6% off whatever other discounts you get directly from the store because it is just a payment mechanism.  

The 5k car is going to demand at least DOUBLE the cost in order to get it up and running because of major mechanical problems that need addressing.

I agree that it is worthwhile having the license training if you are serious in the mechanics of investing in real estate.

They came out and did the inspection and found no issues and charged me $300.A week or two later I got a call from the Grand Rapids mechanical inspector asking me when he could schedule a time to come out and inspect the furnace and water heater.

I was a full time mechanic and I quit my job and made $12,000 the first year as a real estate agent.