@Michael BadinLotsa BP users use it, not me since I use a PM that uses Buildium but fully agree that a lot of people said it's not worth it unless you have a lot of units or plan on growing to a lot of units quickly.These are my notes:Drew Bonnor said, “rentecdirect.com.

I also agree that reserves are low, especially considering its a Class C property that likely has deferred maintenance.

In the end, my attorney located someone at the original mortgage company who agreed to sign an instrument stating that no monies were owed but the original note was long gone.

I agree with Alan above.I've recently done the same thing on Nashville.

Also 16% increase over the last 2 years of the hottest industrial market this countries every seen is suspect, after commissions and closing costs he wont clear very much at all.

I agree with Thomas S.

It can be as little as $1 or a really substantial amount - typically a similar amount as earnest money.With an option you know that you will be able to buy the property as agreed and the seller doesnt have to worry about finding another buyer, as they have collected an option fee you would not want to loose.

I agree to pay the lawyer, I may be biased, but if you want LLC protection, you should pay to play.

Hopefully the owner will agree to cancel the agreement and we'll move on.

Trust deed states are much safer to loan in than mortgage states. when POL started they were in NJ and FLA two of the toughest states in the country to foreclosure and corral your collateral in.. most investors not knowing what they did not know .. just did not know the dangers of investing in mortgages in those states were... sorry.