What I have learned from the shows are ideas on things to check, prior to buying..

You can say that a simple call to the IRS should help clear things up if he wants to restated his prior year tax returns and pay the back taxes.

I actually found an incredible deal a few years back, but the elderly man who used to live there died and the unit he lived in never got rented for years prior to my finding it.

On other sites it could be very different.My experience is anyone who started with commercial did so based on some prior conditions.

Does the warranty deed need to be notarized in-home at the first meeting, or can I instruct the buyer to have it notarized at their bank and mail it to me (to document their willingness to sell)?

.), and to give you explicit instructions on what they're looking for.

The lender came back and instructed us to remove the numbers from the HUD and deal with that situation after closing.

thank you for your reply....and also on topic, what are the GOOD SIGNS you look for prior to purchasing a 4-unit multi family....is 3% cap rate good enough?

It has step by step instructions on how to do almost everything.

Do you have any special skills that could be applied to a rehab project (trade skills or prior experience helping family fix up a property)?