I also suggest you send a demand for payment to the last known address by registered or certified mail, return receipt requested, if it is returned to you, do not open the letter again just keep it with your documents.

The last owner of my new 4U purchase with steam heat claimed he spent $12k/yr on oil!!

This is why I do two things to help in scenarios like this.The first is that you put in a line in your lease that states that all complaints and maintenance requests be put in writing.The second is document everything.

Hi JoshI just submitted all requested information on all 84 private/hard money lenders that are members of the American Association of Private Lenders.

I did send Jennifer a colleague request.

have an offer on a house, lawyer asked if i want to include in contract having an inspection for an underground oil tank. is this typically done when investors have inspections done?

Lucky I requested an extension already from the seller but now she wanted $17,000 or was going cancel the contract.Moral – watch out for other investors talking with you sellerand make sure your working with true end buyers.

I would think there are zoning issues, with what you want to do so you probably want to check with the local government and request a zoning hearing to change the use.

In the end though I told her that she may end up paying about 15% closing cost which roughly may be 15k (again rough estimate-cost for REA, buyers requested repairs and appraisal, and inspection fees).

I will send the seller a Request to Repair form with the option to pay for these items during closing or reducing the offer price.