and they are as you state complex.. and no way as cut and dry as people think.. one big fallacy is a property cannot be land locked that simply is not true in CA.this will be interesting..  

This terminology "double close", "simultaneous close", "wet close", "dry close", etc. is hardly cast in concrete.

I am reminded that the Phoenixville code inspectors -- who come around each year -- look askance at the use of portable space heaters by tenants -- mostly bc of the dangers of tipping, damage to cords, and fire hazard from folks trying to dry damp clothing on them.

@Pradeep Bhatia Your situation isn't quite as cut and dried as Nat's.  

I will be honest with you that most investors including myself are not exactly open to sharing our private money lenders because selfishly, once one person that is well connected finds out the private money dries up super fast. 

I gutted the kitchen and bathroom, started new drywall in LR/Dr, I did replace the windows and heating system.

25,000 is crazyIt's sad that they suck these people dry and leave them with a bad experience investing in real estate.Real estate is supposed to be fun and fulfilling when investing wisely.

Those started drying up as owner occupants started buying homes above appraised value and often with deferred maintenance.In about 2018 investors really had to start shopping different asset classes where they weren't competing with FHA loans etc. 

In a transaction, taking care of the sellers' needs is the top priority; you don't want to mislead them and leave them high and dry.

But property preservation is not a cut and dry (what is it).