Personally, I want the wholesaler to be able to give me a ballpark estimate of what the rehab would cost in order to get to the ARV he is providing.In other words, if the wholesaler says that a property will resell for $150K, how much will it cost to get the property into the condition where it will resell for that amount.

Additionally, you can go speak to a lawyer who might oversee your foreclosure proceeding and they will ensure the required disclosures have been met and the paperwork is in order.It is possible to affect your capacity to foreclose by accepting the funds if there is no language and the borrower can show that a patter was established and then you sort of changed your mind and wanted to foreclose.

It is a real danger to people with money, when those exposed find a "Mold Is Gold" lawyer.

Upon inspection of the mobile home to be in clean and good condition and verification of lot rents paid, no further legal action or judgment shall come against you.

I turned it over to a lawyer 9/8 and it wasn't filed until last week.

When I do the move in, tenants sign a condition statement that includes "smoke detector batteries were replaced on 9/1/12 and all smoke and carbon monoxide detectors were tested and found to be in working order".

A lot of FHA underwriters won't approve my sale for at least 12 months under these conditions, so it would have to be a fantastic deal for me to consider this scenario and take this risk.

David,From an appraisers standpoint, the best and most reliable comp for your property in its present condition is what your property in its present condition just sold for yesterday.

When I do the move in, tenants sign a condition statement that includes "smoke detector batteries were replaced on 9/1/12 and all smoke and carbon monoxide detectors were tested and found to be in working order".

Infrastructure: Type & condition of roads, water, sewer, electric lines.