You're unlikely to get much of a response from the landlord if you ask for extensive and expensive investigation to be done by him.

You posted your situation seeking someone to agree with you, and several people with extensive experience in real estate have tried to offer you realistic perspective, unfortunately, our answers aren't what you want, but none the less are correct.

I could write an extensive blog about this deal, but I haven't gotten around to it yet. 

2)If you started missing payments or somehow got into trouble, who would have the authority to negotiate a deal with you -- perhaps a DIL, an extension, or decide to foreclose?

This includes assesing purchase price, reviewing comps for ARV and conducting a home inspection.I would also make sure the deal is legally sound.

If you are selling the property, I do not see the relevance to conduct due diligence on the Operating Agreement.

Hello As of late, I have been doing extensive research on the Internet to assist me with trying to find Marketing strategies to gain cliental for my recently opened Property Management Company in Bellevue, WA.

From the link above:Texas Finance Code, Chapter 156 has a de minimis exemption from licensure for an owner of real property who in any 12 consecutive-month period makes no more than five mortgage loans to purchasers of the property for all or part of the purchase price of the real estate against which the mortgage is secured.Where a seller financer exceeds the number of transactions exempt under the act, the seller financer must either become licensed as a residential mortgage loan originator or must engage a licensed residential mortgage loan originator to conduct all loan origination activities that require a license, including taking applications and/or negotiating the terms of a loan.

Not that I "should assume" the bank wont accept a low offer I propose to the owner, but for a house that needs extensive rehab work, plus the cost of getting the liens removed from the city and contractors, there wont be much to offer on the property, it seems the bank will probably say "screw it we'll take our chances in a foreclosure auction?"

If in fact it is alright then remove the water from on top of the cover and take a picture from a different angle.5) In all I would suggest using a different camera and possibly hiring a home stager just once to see what they do and ask why they are making every change they are so you can do it in the future.I am by no means an expert but I do have extensive knowledge in almost all areas of business.