I spend all day dealing with individuals who had financial problems in life.

If it's going to auction the pr has limited authority.

If other people have signs out, chances are even if it's not legal, the authorities aren't enforcing it.  

There are two things that statement, one is appeal  to a higher authority and  Second is being a reluctant buyer . 

As part of our DD we will certainly speak to the water authority and get additional inputStability Factor – is something we have started to look at recentlyVintage year – Don’t have this information at this point in timeSeller Motivation – Seller is firm on the price especially since they are doing 10% seller financing.

Commissioner Bell wants to pursue criminal actions against unlicensed individuals that violate real estate laws.

Ripple effect =(In the time towards the end of the flip is when the individual i found and my family parted ways.After all is said and done ( Close, RE Fees, Repairs, Taxes, Etc)..Total In $427,000 ishTotal Out $ 450,000 ishProfit $23,000Detailed spreadsheet to come.

However its feels good to be active and sharing ideas with like-minded individuals.  

They might agree to some type of workout but they were looking for people who could perform.When an individual borrows on real estate property he signs a Note (which is basically a type of IOU) and a Deed to Secure Debt, or Mortgage (a collateral agreement which gives the lender the right to take the property if the borrower defaults on payment).

Although this partnership is a good fit on paper, I would highly recommend that one's partnership somewhat compliment your personal investing style.Sometimes, that polar opposite creates a good balance; but also it challenges.I am providing this post mostly to share my personal observations and also, because there are equally as many request seeking partnerships and funding.For those individuals, I submit that that partnerships with colleagues, family and friend inherently involved possible nuisances in operating style, priorities, and realistic timeframes on the amount and division on your net return of investment.In summary, think, plan and have those discussions prior to forming your partnership, funding etc...these are just my thoughts in hindsight.