Anyone can sue anyone anytime.A disclosure is really important in case there is a lawsuit.I use this disclosure on all deals:````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````Seller's Acknowledgements(Page 1 of 2) I ,_________________________________________________________ (Seller), on this ____ day of ______________________, 20_____, have agreed in writing to sell the property commonly known as ______________________________________________, (The Property) to ________________________________________ (Buyer) and or assigns, according to the terms and conditions contained in the Purchase and Sale Agreement (The Agreement) of even date, a copy of which is attached hereto.

I can't tell from the Trulia listing as the pictures are not coming up, but the craigslist pictures are taken with no one currently renting the units, so either after the most up to date remodel or no one is currently renting the unit.  

This is called delayed financing and it works great as long as you meet all the guides and do it in less than 6 months from the purchase date." - You mention the guides, What are they?

The tenant ledger I acquired from the property mgt company shows a tenant has been 5 days late every due date and I haven't received payment yet for this month.

Thanks AGREEMENT FOR PURCHASE & SALE OF REAL ESTATE Agreement dated this _________________ day of __________________by and between_________________________________________hereinafter "Seller" whose address is ____________________________________________________________________________________hereinafter "Buyer" (and/or assigns or nominees) whose address is____________________________________________________________________________________1.

Good luck and keep us up to date.

When you have a pending closing date, you can then negotiate an extension with your lender.

The REIA near Providence I'm familiar with is the RI Real Estate Investor Group at http://www.rireig.com/ and they meet in Warwick on the 3rd Thursday of every month (with rare exception - check website to confirm upcoming meeting dates).

I was given the most up to date tax information (~$55K + court costs and fees).

Firstly, properties available for sell, auction dates, and links to your local state laws.This will then provide you with your states redemption periods and return on invest terms (aka annual percentage rate) for your state.Lastly, research your perspective properties and formula a game plan prior to your actual purchase.Good Luck!