@David Rivera The line of cases cited are based upon the pre-2017 amendment to the statute ... and the court (in the opinion I read) expressly refused to interpret how the new law would apply to this situation.

In order to collect 3% in the scenario you presented, you'd need to amend your original buyer agreement.If your commission is 2.5% and the seller is paying 2%, you can structure the additional .5% into the purchase price. i.e.

In either case, we are planning to amend 2023 and in 2024 taxes be able to purchase under an FHA.

Here is a link to a discussion about SB321 that is a proposed bill that will further decrease resale inventory: http://lvrealestatehelp.weebly.com/1/post/2013/03/sb-321-proposed-for-nv-on-3182013-thoughts.html And here is a link discussing the repercussions should AB284 be amended causing an increase in inventory: http://lvrealestatehelp.weebly.com/1/post/2012/12/more-foreclosures-coming-legislature-to-meet-again-in-february-2013-to-possibly-amend-ab284.html-If inventory increases the market will soften and you should be able to find better deals than are currently available.

Since I started this thread, this is what I have found out...He owns both properties outright, no liensBack taxes total $12,000Loan to Value ratio is about 30%Both properties compared to others on the street are valued around 180k eachThe main cost is Plumbing, sheetrock and insulationA recent divorce was the cause for the depletion of cash. taxes assessed have been amended since the first property in the midst of a flip.

Where the inspection scenario you mentioned may require an amendment to commemorate any renegotiation, that is not the same.

We research local codes and amendments to make sure that the plan review process goes as smoothly as possible.....but wait!

Frankly I think it will get shut down eventually when it gets challenged by the courts, as there are some pretty clear 4th amendment violations.

Do you just deal with those vague items in due diligence with an amended offer?

Some jurisdictions I operate in amended their laws a few years back because the law used to be vague on who was owed surplus funds after a sheriff's sale.