Mike is correct if you realize what the law says and the costs of not following the law.John Corey

Could be a crack or previous work that wasn't done correctly.

Who do you think is going to be the evil landlord that failed to anticipate the situation correctly?

Taking him to small claims if he doesn’t correct the problem.

Appraisals on commercial buildings (multis) will include all three appraisal methods: comps, income method; and construction cost (not the correct terminology).

If that is so, would I be correct that a multi-member LLC could loan on deals that either exceed the capacity of an individual member and/or allow the members to spread the risk across more deals?

So bottom line I'm very much in way over my head right now.I was looking at the short sale route and am talking with my realtor about such, problem is in the sub prime market everything is soft right now and there's TONS of foreclosures here in Houston to pick from.

One bit of CYA in there is that I specificly state that the contract is valid for properties they bring to me unless I already get the property from another source.Reiwalf, you are correct, I have been doing flips.

There is a managing member and other members.Basically if you use a tool learn how it works and use it correctly.

And to the best of my knowledge when dealing with commodities one does have to be licensed (such as MTN's & BG's) correct?