We don't have the cold temps that you might experience up North so maybe that is cause for concern.Have a plumber perform a pressure test on the house and that will tell you if the plumbing has been compromised.

A contract can be pulled when the buyer's performance fails in seeking timely financing anywhere, I'd say we leave it at that and not stipulate more drastic measures, at least it wouldn't be smiled upon in my area.

I haven't done a deal there in 15 years, I just send any leads I know about to an old investor/broker friend there to take a shot at if he likes it, gives him something to do besides occupy a seat at a poker table.

ALWAYS perform your own due diligence and check up on your projects regularly.

Consequently, not all filing will be published in adjudicated newspapers.The other issue that we have here in CA is that the primary asset is not identified in the legal pub unless it's listed under a Notice of Sale, in which case, someone's beat you to the property and your only remaining chance is to either win an overbid or win by way of a buyer who does not perform and defaults on the contract.About the only thing legal pub does is notify the world that a private has been opened (notice to creditors).

I recently finished work on my 4-unit building remodel in Silver Lake, an area that has become fairly desirable in Los Angeles.I seek out under-performing buildings with deferred maintenance and under market tenants.

There may be an opportunity to help them solve a liquidation problem, especially if the other properties are rentals with deferred maintenance.So far, I have performed a good scrubbing of the list as a way to reduce costs and target those who are most likely in need of a solution.

Additionally, you will perform all the work with a handyman (ie. unlicensed and uninsured) further opening the cash investor to risk.

You could do a flip or put it into a 1st position performing note. 

That is what it means to have a cash offer; that no one else's approval is required, that there will be no third-party whose failure to perform screws up the sale.That is what sellers hear when they hear, "cash offer."