My broker and transaction agent were told at closing by the seller that the loan was paid off in full.

I am at a cross roads here and I would be very thankful if I had some assistance.

SFH seem to be the ones that allow for a fluid transaction, seem to be easier to sell, etc.

The Federal Government should do exactly what it was designed to do.....take care of issues where states are not the appropriate authority.....borders/tariffs/military/national infrastructure.

stop talking to them.You close a real estate transaction with an attorney or title company depending on your state.

My colleagues said to cross out the portion of the contract that states they giving me 30k at close, and to create a separate addendum.

Hi Andrew, 1)It is a SFH. 2)I think I am confusing some terms here is a more detail explanation about the private loan that I took to buy the house the Initial loan amount was 217.5K (166K purchase + 53K rehab loan + 12.5 closing costs - 14K down = 217.5K) so in that transaction I put 14K from my pocket.

@Aaron Zimmerman what are your thoughts regarding one operating account for all properties vs one for each property (no entity but STRs have a lot of transactions, ie a lot more than LTRs)

@Spencer Herrick like most of the folks said here, it's about your team and being sure you have a solid due diligence process in place...no need to see a property in person if the property meets all the criteria on your due diligence checklist...the first 35 checklist items are crossed off in the first 3-days of due diligence...One thing you have to remember is almost every existing and new structure in the country was built by a professional developer that met strict requirements set by building codes...properties can have issues, but almost anything can be fixed...overall SFR and MF homes are incredibly durable.

I think I will cross out the exclusive listing one, management fee seems reasonable.