The most common thing I hear is "I wish I would have known about this yesterday.

For your scenario that's only $85/month, or about $1k a year.

Michael Morris I come across these properties and there's another scenario that (I think) has yet to be mentioned.

This is a great place to learn everything you need about REI.Try looking at: The Most Common Misconceptions of Investing in Real Estate

Listings at that price point always sit longer than average, so one-year listings are common in Los Angeles, and it sitting for 8 months isn't odd to me.

The title company “mistakenly” called it an assumption instead of a sub2....it’s common for people to call a sub2 an assumption, even though they two different things.

@Carl FischerWhile your scenario certainly has less tax administrative burden and overhead, tax treatment will ultimately follow what the OP and his mother originally agreed to and intended."

If rehab withdraws are paid in arrears, as is common, then besides having money for a down-payment, closing costs and loan carrying costs you ALSO need to bring in some rehab money at least until the first draw.

Regardless of my client’s motivation (which tells me what I need to know beforehand), I’ll typically present them a couple of different scenarios: The first, as a Realtor – giving them the information they need to see if it makes sense to List their home.

Is it common to add this penalization note into a contract?