For your first investment I wouldn't advise doing something too "outside the box".

My advise follows the others.

Needless to say, it's advisable to speak with an attorney once you begin making investments.

Thanks for any advise you can give!

The sellers agent advised that they received several offers for it but no one can come up with the financing and 35% down payment.

Even if the offer is well below the asking price, the seller is supposed to be advised of the offer and decline if they wish.

Mina NA be very careful of the advise you get regarding this issue.

@Jeffrey Collins We don't know enough about your situation to advise you on the legal and tax consequences for the various types of entities.

I advise that new folks simply stay away from distressed foreclosure matters after notice of foreclosure has been made unless you are actually the buyer, in other words, wholesalers stay away, in short.You need to follow your attorney's advice!!!!

Goodman wrote another e-mail and changed their mind:I have consulted with the warranty department and was advised that the multifamily residential properties do receive a 10 yr warranty however a qualifying lifetime compressor warranty will only apply to the single family owner occupied residential installations.