Perhaps draft a letter speaking to your intent to sell and the approaching maturity date to put them on official notice.

Your easiest route is probably to get high limit dwelling fire policy with an umbrella.

I really don't know why there is such limited inventory in the lower-end.

Don't get overly concerned about public liability but you do need to be aware, keep properties in good and safe condition, know the rules and conduct your business with attention to details and you should be fine and carry insurance....And I believe Texas has an LLC that limits liability to a subject property safeguarding other business assets, which is unique, I suggest you simply form your business in Texas.

Have decided to limit to 4 units, HOA is amiable and residents are a close knit 'community' and amiable.

If you do not have a clause, I would still send the letter and state this is a concern and may result in a canceled contract since you can not fairly evaluate the property.Typically, 2 years tax returns, last two years financials including income and expense and balance sheet at year end along with current rent rolls showing unit, tenant, rental amount and start date along with year to date income and balance sheets are include in due diligence material not just tax returns.

In those cases, I adjust the due date.

I have used cash offers with POF and then used loans, all the seller cares about is that you are able to close on the date agreed.

Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.

Trying to put an offer together for a BANK OWNED Property in Castle Rock.Public Trustee Sale December -2011 WELLS FARGO takes TitleJanuary 2012 WELLS FARGO transfers Title to FANNIE MAEJune 2012 - Occupants still there, and allowed Scheduled House Showing.Bank Counter Terms say they WONT GUARANTEE POSSESSION on Closing Date!