You need to really stress capacity and show your exit strategies if things go sour, from losing you tenants due to radon gas to you dropping dead.

Can you even change the dates the option is valid; from me to the assignee?

I was slow at fixing it, so maybe a valid argument so i left and said I'd think about it...

Lisa,1) You'll have to check your state LLC laws and registration system to see when you actually have formed a valid LLC.

brian's right on....by law you must have heat in most areas.that being said there are options....electric baseboard heat is very cheap and effective....in fact, i find tenants prefer it to gas bc it's only one bill and deposit to pay when they move in versus a gas and electric deposit..just be sure there's room on the breaker panel to hardwire in electric heat...it's inexpensive to buy at home depot, lowes, or harbor freight, and an electrician should wire it up for a few hundred bucks...as far as a/c, most lower income areas around me use window a/c units that simply plug into a 110 outlet...i do not provide those for tenants..they buy their own..very easy!!

Could anyone get me their advice as to whether or not its worth it.Asking Price- $109,900( fully remolded new windos, carpet, etc)bottom tenant pays- $550.00 per month including gas and electrictop- Vancant, Have new tenant that wants to rent for $600 per month in AprilComps in the area- $90,000 to $100,000Taxes-$2,151Square ft- 2,220Seller assistance-$3000* I am a first time home buyer and am pre-approved for 30year 5.125%.

If the existing lien holders were not properly informed of the foreclosure they may still have a valid lien secured by the auctioned property. the main problem with the "forced" sales is that title insurance is not available at the time of purchase.

water,taxes,gas?

Scott makes a very clear and valid point here and I agree 100%.

Put B buyer as Trustee and submit the trust document to A Lender as part of the original short sale, then they are going to be concerned that it is not an Arm's length transaction, tell A Seller is in violation of the terms of the promissory note, or that Trust is in valid because the B buyer and the Trustee are the same .