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Good luck Trace - Im impressed.

Cool. I just had another idea - you may wish to have an offset against the remainder of the purchase price for breach of warranty by the vendor. Vendor warranties to include structural integrity, compliance with all laws, truthfulness of books etc.

If you are not on site every day what stops the staff from skimming the books or taking kickbacks from tradesmen for fake maintenance?

Given the current state of play in global financial markets you may wish to ask your solicitor to include a "material adverse affect" clause which gives you an out in the time between the contract going unconditional and settlement. You probably do not wish to put yourself in a position where...

Did you make your offer subject to finance or subject to provision of finance? If the former, by providing the above letter have you indicated to the vendor that your contract is no longer subject to finance?

Great stuff Tracey. I figured snow issues would be something that Aussie landlords would not be particularly strong on! And it is particularly important for places like Canada - without heating people die.

Tracey: I dont expect you to answer these questions on the forum but these are some of the things I would want to have answers to if it was my investment. And yes - I would be living in the block for my 90 day due diligence period. Transfer What are you actually buying? Are you doing an...

Swebay: US minimum wage is $6.55 per hour. Australian minimum wage is $14.31 per hour. Keep that in mind.

Thank you for continuing to share with us. Are the banks requiring you to give personal guarantees or is it all non-recourse?