If so, I would explain the situation and attempt a discount for the demo and rebuild of a garage that would be basically a functional structure, since that might be what you end up with.

Sorry, Here's a functional link:http://www.biggerpockets.com/files/user/Chris_Colvard/file/Purchase-Agreement-pdf?

Combine that with the fact that only about half the people who say they will come actually do and this really isn't a problem.

Or that the user pointed out some function that existed in the oder design that is omitted (or maybe they hadn't found) in the new design.The only way to let Josh know what's working and what's not is to put it in writing someplace.

The free enterprise system cannot function with too many cooks putting their solution in the stewpot!

@JScott, and yes, if the work (labor and materials) is over $500, it doesn't matter if it is drywall, plumbing, carpentry, or a combination of all, in California you are required to have the appropriate license, or face fines.

@David GreenbaumAlthough I understand the point others are making regarding coc not including principle paydown, I agree with your methods, and utilize both matrix.Principle paydown is a function of the type of loan and the terms of the loan.

I am surprised a tax lien hasn't been already sold off for those years.The money is owed to the tax lien certificate holders.The city and county needs the money to function each year for the tax revenue.So they sell of the tax certs to get money today.A guaranteed return is then given to the tax certificate holder so there is no negotiation on the balance.After a certain time they can file for a foreclosure tax deed.Things do vary by state in how they operate with tax deeds/certs etc. so your state might have some quirky rules and regs.First see if the property is in the city limits and if not you are just dealing with the county taxes.

I have found this combination works great as you don't have 2 families living on top of each other.

The function of pooling investors is simply more than one investor come together and put their funds into the venture.