-Be ready to start renovating the very moment you get the keys, and have everything pre-booked, hired, bought and ready to go which you'd start preparing after you remove conditions during the purchase.- Then do all this and try to have it done in 1 week.

Then you ask for a lengthly condition removal date.

If you get a mortgage on the whole property, and plan to subdivide it and sell the pieces separately, be sure your lender allows partial releases so you can pay off and remove the pieces from your mortgage as you sell them.Part of the process would be to file a subdivision map.

Purchase Offer:$300,000.00 $225,000.00 New first mortgage (or possible option of assumption and or with increase of existing first to 75%)$50,000 Second mortgage (carried by vendor for 5 years interest only at 8%)$10,000.00Initial Deposit$5,000.00Additional Deposit following condition removal$10,000.00Balance5.

I stayed at a resort that was 'everything included' which meant free booze, free food, and a lot of good fun.

Well, since the pipes are in the wall the counter would have to be removed (it wasn't salvageable anyway) to get to the wall.

Purchase Offer: $300,000.00$225,000.00 New first mortgage (or possible option of assumption and or with increase of existing first to 75%)$50,000 Second mortgage (carried by vendor for 5 years interest only at 8%)$10,000.00 Initial Deposit$5,000.00 Additional Deposit following condition removal$10,000.00 Balance5.

One of the great benifits of the NNN lease property is that you are not caught off guard by things like property tax increases, lots of snow removal, unexpected repairs, and things like that because most (if not all) expenses are passed along to the tenant.

The home needs updating and there was a pool in the back that was filled with grass I will have to remove.

Anyway food for thought, keep it on the down low.