No agreement covers what the managing partner can do - go gamble at craps your odds are better at making a return than in a real estate partnership.

Not worth saving a few bucks on a gamble. 

If that is too big of a lose to gamble, I would walk away.  

However it could be worth 170k-180 if everything was fixed and I think I could get it going as a functional rental property for the purchase price plus another 20k and some blood sweat and tears and maybe could get it reappraised in a year and do a heloc, but I could end up being 160k in when you factor in lost rent and is 10-20k inequity worth the gamble? 

Hello BP Community,We sold our home and the portion of the funds (~ 400K) that had to be wired to our Mortgage Servicer was sent to a fraudulent account (Wire fraud) by the title company.

Buying without title insurance is gambling. 

The borrower had shown the court proof of insurance prior, unfortunately it was fraudulent documentation created by the borrower.

It’s a frustrating, obsolete process that’s totally unnecessary but it’s the best these banks came up with to avoid fraudulent values.

Priced too high, rents are too low and investors do not want to gamble loosing a tenant right away, the leases are wonky or maybe there are bigger issues (Estate, Something wrong with the property etc).  

I also want to verify there actually is an issue, since we had a whole lot of shenanigans going on around here 2010 regarding fraudulent claims and insurance money.