Big rookie mistake is to not understand assignment is permitted unless specifically denied in your approved contracts.

Remember permits, regulations, practices, etc. differ when you work on commercial and by extension costs go up.

Makes me doubt this is a legal, permited conversion.

I came across and REO that looks like a good prospect to wholesale but it has 2 room additions that were built without permits.

Was the work permitted?

I assume you have checked with both the planning commission on zoning and the building department on permits, right?

. ($175/mnth).Challenges would be: finding a good area to build (would need to be near/within a city in a decent enough location); permits & legal issues; and finding buyers if I ever do this (though I'm hoping that the no-money down 10-year financing will be enticing; I would check for proof of income instead of credit history).

No matter what you think you know, there will be surprises.Case in point, I go to apply for permits for a remodeling job on my first rental.

When you apply, you'll need to disclose the loan your made, otherwise you are looking at loan fraud.If in your deal the seller has 35% equity, the best thing is for him to carry that back as a second, if that is permitted by the lender.

My understanding of the law in Ohio is this: The use of deadly force is permitted in cases where you feel you are in immenent danger of severe bodily harm or death and you have no available recourse to flee the situation.