Now I saw a house that was set for auction on a certain date, the day came and went.  

The house had a mortgage on it, but within the documents I found a release of lien from the bank dated July 2016.

Looking for advice on how to compensate my project manager going forward.BACKGROUND: I'm working on my 1st flip, and the project is about 3 weeks beyond the completion date, and went over budget. 

Turnkey units are best so they don't sit vacant, but for our most recent one in Plano, we had to fix up a dated unit which took 3 months.

You can then fix up and rent at your discretion and your siblings will inherit the the money at a later date.

Most rental comps are very basic homes with dated kitchens and bathrooms.

It's too late to find another lender at that late date, so you close anyway and you're sorry later.By the same token, something that you didn't anticipate due to inexperience, can be common practice. 

But you must have used the home as a principal residence for at least two years during the 5-year period ending on the date of sale. 

How would the EX tenant even know your involved with the purchase,,, doesn't make any sense.Your responsibility starts date of ownership.

Subtract that number from the "Value" number you just discovered.That's the offer you make.The second document you'd require from the seller upfront is the trailing 12 "RENT ROLL" which includes the move-in date for each tenant, as well as actual rent paid, and rent owed, if any.