Also, expect deferred maintenance.Your #1 concern should be, can you fix the problems the seller has or will you eventually have to dump the property also?

@Julia Lyrberg Thank you for the encouragement, I know it’s not the greatest score but I currently have around a 740 so I don’t think I need to be super concerned on that end but yes I’ll definitely be trying to tidy up my finances better.

I appreciate you thoroughness in the matter but we will handle everything as far as that is concerned and give your buyer a clean title at closing."

My concern is that I disagree with the methodology, and could use advice / specific use cases to build a convincing argument for the review board that you can't redefine use until it has been done.It's a single lot.

Close the Condo Deal: Renegotiate the terms if you can address your concerns, allowing you to defer taxes on the full amount.2.

3) Lastly what would happen if I applied for a construction loan application that pertained to Real Estate?

Before I closed on the property, I'd expressed concern to the builder about the side yard which had, what I felt, was a significant angle.

Unfortunately they're saying my contracts the contract, but I am getting a little concerned that I just lost $20k. 

Quote from @Joshua Michael Hauman: Hey BP Community,I've got a friend who is a veteran and asked for my help to get into investing and I'm more than happy to help him out however there a concern that came up.

Hey Katie, I totally understand why you're thinking about backing out; flood zones can be a concern!