I asked to see the addendum to see how it is worded, have not gotten it yet.Is this common?

I can think of a couple of ways:1) Agreement with 2 payments dates (say 5th and 20th) and have late fees accrue from each date.2) Agreement with full payment due by the 20th ($50 higher), but violation of agreement would occur if 1/2 not paid by the 5th.Anybody else run into this scenario??

So it wasn't out of left field but a commonality reference.

As others have stated, it I very common to have a full time job and get involved in real estate investing.

I thought I'd throw this out there to see what other people have done or might do if they were in the same boat.Just finished up two rehabs over the past month and ended up taking two very short term leases on both - each with their own unique circumstances.Let me describe the scenarios and then you tell me if I bumbled this one or not.1) Finished the rehab on this house just after the first week in december.

Or wanna be home buyers - just had another one tonight - who flat out tell you they have bad credit and then want you to loan them money for their primary home with $3k down on a $100k home.I think it's much more common in commercial and investment financing for someone to be able to get a No Money down deal if they have good credit and long-term relationships or a great track record of success.

Best case and likely scenario: you meet new people with whom you can do deals with.

Is there any common area with lights (Hallways, basement, exterior)?

With your financial scenarios, neither of these look like you'll have cash flow at these purchase prices.

Check the common halls, basement, utilities.