I am inclined to charge a nominal for additional rent to add a party but if they push back, you may have to let it go.Screening new party is non-negotiable.If you want to keep them, this might be a good chance to get them to sign for another year and just let the bad apple out.

That's an easy way to start paying for fees before you actually have a chance to find a deal and move forward.I'm available if you'd like to chat further.

You also need to look at the title itself, the courthouse should have a copy on file.There are technically 2 forms of ownership, equitable and legal.

Chances are we won't be moving into the next property as an owner operator so there goes my 3.5% down option, so what options are available to finance a 2nd property with depleted funds???

I have had a chance to read a few post and must say that I am extremely excited with the content and support of the users on this site.I am interested in Rehab and Flip properties, that i can use my past experience in construction as well as long term rental properties.Looking forward to learning as much as I can and meeting new people with the same interest.Nick

These 'devil' screws have additional pieces of metal or plastic that act as anchors and designed to expand behind whatever it is screwed to (drywall, wood etc), to spread out the weight n the hanger or the screw reventing the scrw from slipping out through the hole (and in my case with little chance in hell of ever trying to remove them).

Anyone can make a compelling presentation for a profitable deal if they are proposing offering 1/2 of the value (or 1/2 the listing price) of a property but the chances that offer will be accepted are very small.

The leading real state books and educators teach the following basic approaches to buy real estate creatively.Some good and some not so good.Later I'll discuss the pros and cons of the best creative financing methods so you can determine which to use for your particular situationLand ContractsOptions, Leases, Options to purchaseAITD's (All inclusive trust deeds or wraps)Seller carry back deeds of trusts/mortgagesTaking subject to the existing financingNot recording the deed, which is dangerous if not properly protectedRecording a memorandum of agreement Trusts:Transfer the property to the sellers trust, get the bank to approve the transfer and then have the beneficiary of the sellers trust changed to the buyer.Just transferring title into the buyers name hoping the lender won't call the loan.Equity shareAny of these will trigger the due on sale clause and as a buyer or seller if you haven't put safeguards in place, you are unprotected against claims against the title from showing up and or the lender calling the loan due.Are you prepared to take the chance that the seller may further encumber the property or resell to someone else?

If there's any chance you can reduce the lien, you could then refi or sell the property to access the equity.

From what I've found your rehab budget would be light.I think you should stick with your price, although I think it's a huge stretch that you have a chance to get it at your price.