As long the nervousness doesn't prevent you from moving on good deals I think it's a good thing.

I honestly think I could have prevented this if I approached her differently when we inherited her from the seller we purchased the building from. 

* Some mold on wood (dark staining) in attic, inspector thought it was due to the crawl space having moisture in it before,  crawl space was recently totally redone and looks very good now.

Vanessa Williams if you can prevent a foreclosure and make some money on it then it is probably a good thing for the property owners and usually for the lenders as well.

We have a law in MI that can prevent unpaid water bills by a tenant from becoming an owner's problem.I wrote a blog about it - you may have something similar.

You'll probably save money paying a handyman or some young person to remove the old carpet and pad.... and we'll go ahead and assume there are pet staining... so make sure you have someone get in there and bleach the floor and paint it with Killz or a product that is anti-microbial.  

It seems this was done to prevent overflow of the septic, so therefore seems safe to assume the septic wouldn't be able to handle the extra load if the plumbing was corrected to discharge into the septic. 

Often this involves only replacing the top deadbolts as we're using passage door knobs (no locks) to prevent tenants for accidentally locking themselves out.Gail

He showed me that on the $300k loan we were doing it would prevent me for getting approved for a $150k house in the future because the payment was $750 a month higher.  

I would appreciate your advice on whether there are any gotchas that would prevent me from executing my plan.Purchase price: $250,000 (paying all cash)Closing costs: $5,000Repairs: $25,000Total Cost: $280,000ARV (estimated): $380,000 I am borrowing $250,000 from friends so that I can buy the property for All Cash.