I understand that new investors don't have these connections, but it should not take but a few days to find out who buyers are for wholesale deals.Is the emphasis on lists of names unknown to investors a function of internet sales?

That leads into what mechanisms should I put into place to wind down in-progress deals, but that's probably a topic for another post!

If the driveway looks like a small mechanic shop, it's a no go.

Giving any controll over the property makes me nervous, you never know, they could foreclose.I understand a DT is easier to create, and a lien would require a court to make a judgement, (since its not a mechanics lien), but with a lien they cant take controll of the property.Is there a tpe of lien that isnt a mechanics lien a doesnt require a court judgement?

@Richard York, a more formal, properly drafted agreement likely would have said that the investor has the option of being liquidated at any time after the 36th month of the hold period, provided that the cost to refinance the property to facilitate the distribution is deducted from the investor's proceeds, and provided that it's actually possible to obtain cash-out refinancing (if the value declined or was flat it wouldn't be possible).It would also provide for a mechanism in which to establish value.

Obviously a mechanical lien, or something similar, will be filed to protect my interest .... but I would like to know from the BP community if there are other things that I will need to consider in order for this to be mutually beneficial.

However, absent a mechanism to record such receipt, a three-day delivery period is assumed, meaning that the lender must send out the forms at least six days ahead of the closing.Revised forms will have to be sent out when there is: An APR Increase greater than 1/8 percentA change in the loan, such as fixed rate to adjustableA pre-payment penalty added after the initial disclosurePros The new forms should be easier to understand, convey new information and won't be so overwhelming.Borrowers will have more time to read the documents and ask questions.Borrowers taking an adjustable-rate, balloon or interest-only loan will see best- and worst-case examples disclosing how the payments and rate could change over the loan period.Borrowers are protected from material, undisclosed last-minute changes to the deal.Closings dates may be pushed back.

What about leasing the whole shop. ....contractors,  mechanics etc. ..

My friend is a union elevator mechanic making $100+/hour.

Inspections were passed for Footers / Slabs, Rough Elec, Rough Mechanical, Lintel and Frame in 1998 but Final Elec, Final Mechanical etc have not been.In case it's of interest, the house is complete up to rough electrical and plumbing and drywall is up but not tapped / mud etc.My concerns are that I'll need to invest way more than I've budgeted for professional services (Architect... maybe attorneys etc ) in order to get re-permitted since it's been 18 years since the process was started.I've already paid a visit to the City building department and am awaiting a call back... just wanted to know if any of you had any words of wisdom.Thanks!