I buy the majority of my projects without an agent.
1. How do you bu y without an agent? I use a contract that my closing attorney has looked over.
2. Would I need my attorney to get involved? In Georgia, we use attorneys for closings. If you do something different in your state, I would think you would at least want your attorney to watch out for your interests with the contract. Also, if you're using a lender vs cash you may need their attorney to approve your contract. Not sure about that one.
3. Is there anything I should be aware of? Be careful you don't put any deposits at risk and have an exit clause so you can get out for any reason in case a problem is identified.
4. Are there any oddball rules and regulations that I should consider when doing my typical rental property analysis? Oddball rules? I wonder what this would entail? My rule of thumb after considering taxes, insurance, vacancy and maintenance is - Cash flow is King!