A savvy buyer knows this clause is BS.Otherwise, what clause are you using that they're taking out.IMHO, when you write a purchase and sale agreement, you ARE committing to buy the property.  

If I form an LLC tomorrow, but don`t actually do anything as far as REIuntil, say, next year, would I have to file/pay some sort of minimumquarterly tax with the IRS?

t=17026

I am concerned that they actually would find many ways to delay the closing, and I don’t have that kind of money.

Grosse Pointe, SCS is GE, or AT&T while Royal Oak is Facebook. 

Kathleen said it well.You're not going to shoot anyone if you can help it, you're not going to keep it in an unsafe place, you're not going to let anyone else use it, and you're not going to use it to threaten anyone who is not obviously committing an illegal act.

Perhaps, if you're someone that hasn't fully committed to taking on something you know you should to help develop you into being the person you want to be, comment on this...

If YOU have equitable interest, and another person chooses to advertise it, that third person IS committing a felony.

@Chris T. 

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