I ended up lending to those so at least I make a nice return lending my funds instead of sitting on the funds for months on end trying to get a deal.I morphed into New construction much less competition  as dollars are more.. still tight for lots. but margins are better if you get the right lot and sales are much eaiser as folks really like NEWCO.. not sure how that plays in your markets. we pay 100 to 200k for a lot spend 200 to 400k building the homes and sell in the 600 to 800 range..  

Don't play with fire,

I'm hoping to learn from BP on that front, as well as how to play a "hold 'em or fold 'em" situation with an interest in a developing Lynchburg acreage. 

I have seen this specifically come into play in markets where the threat of hurricane or flood is higher than normal.

My wife and I have been here since April this year, we lived in Italy before moving to North Carolina.Some of my hobbies include teaching people how to dance salsa, playing disc golf, hiking with my wife and dog, and learning.

But it is not customary to pay for an inspection without a signed around contract as others have stated.but if your going to play the low end game then its buy as is and set your price accordingly.

I'm contemplating just renewing my license and becoming a short sale listing agent and just offer the cash directly to the bank.at this point I think I'm just venting but my question really is...What do I need to do to play their game?

I feel the seller is playing games with me.

Maybe the play is to add 1000 sf at $350 a foot.  350K + 867K = $1,217K.  

However, I was playing golf with my attorney friend who owns a title company and he said that the Japanese Tax Code allows for 100% depreciation over 4 years if the apartments are mostly frame and are 25+ years old.