@Tiffany Angus If you have a financing contingency in your offer and you are not willing or able to supply that $4000 difference in the appraisal gap try contacting your lender to ask for a loan denial as if your financing contingency isn’t met with that you should get your earnest money back

Lead paint and asbestos should be inspection contingency issues.

I agree 100% all responsibilities, exit strategies, contingency plans, and financing issues need to be labelled out in the JV agreement so there is no question in regards to the issues that could arise.

Just make sure to add in a healthy contingency to your rehab budget when estimating repairs if you do so.

Once you lift all the contract contingencies, the Seller (or sellers property manager), should notify the SEC 8 case worker of the pending contract just before the last payment they will receive. 

Unfortunately, zoning changes are often lengthy processes.PRO TIP: To protect your cash flow and vision for what you want to develop, make sure your attorney structures your deal to make the purchase contingent upon proper zoning and issuance of permits.

I agree with Kim - I had an attorney both set up my LLC and do my operating agreement which outlined how things would be split as well as contingencies etc.  

Unsure how you feel about waiving other contingency but if there is a house with multiple offers waving every other contingency would be the best bet if you feel comfortable with that.

I offered him 315k with a 14 day close with no appraisal contingencies and short pass or fail inspection. 

We had an inspection contingency in place and we were within the terms of my contract so everything was fine.