This allows you to spread out down payments and use less cash upfront by having the seller finance part or all of the down payment.3.

Buying a random property in OH or AL or KS solely on the basis that it has a lower purchase price than a property in CA just isn't going to get you very far. 

When has there ever been a time that wasn't any or all of those things? 

Would a text message be considered an oral agreement?

For example, a buyer may be willing to purchase a property needing repairs, take on existing tenants, or be willing to cover some or all the closing fees.Of course, selling in a hot market means you may pay inflated prices on another property.

If they lose some or all of their capital the LP with newbie syndicator then they make it up in a month with other investments and have tax write off.

Anyone concerned about sellers should ask why we have so many people unable to afford their homes and motivated to get rid of it on short notice, with most or all of their mortgages already paid off.

Oral agreements for rentals are allowed in most places but default to month to month.

If they are paying part of it or all of it, go ahead. 

@Landon Lehmann many investors borrow against their primary residence equity to invest.Getting a HELOC can also be the path of least resistance and cheapest.There is risk though, that if you investment results in a loss or lawsuit that you could lose some or all of that money and more (lawsuit).Getting more insurance is typically easier than setting up an LLC and meeting all the requirements to separate your business from your personal assets.What are you doing to source potential flip properties?