If they accept one of the offers or a variation of them (also tracked for closing ratio) I could even have the contract auto-filled from the form data and they could sign the contract with a real signature in electronic format using a stylus on the iPad and i could then email the contract directly to the closing attorney.I'd like it to be on an iPad/Android tablet PC so i can always have it with me, similar to my paper notebook, without having to haul out the laptop every time i need a document.

James you appear to have crunched the numbers fairly well however when you take into account the slight variation proposed by Joel your cash flow is significantly degraded.

Probably because the heated and cooled sq ft didn't match up.The appraiser has to explain away any variation in their report.If you are nice with the inspector they will try to help and understand you are in a bad situation.If you unload on them because you were duped by the seller then they will throw the book at you.Think of this.Everyday they get people mad at them.When you come along and appreciate what they do and are nice it goes a really long way.Even if they are nasty to you be nice.They might have had a bad day and they will feel guilty later on and want to help you.I always try to live by my dad's saying.He told me to try to always "be nice and you will usually get more results with honey than vinegar".

The basics are really the same but there are a few variations on how to start.Some say, find buyers first, others say the buyers will be there when you get a deal.I would say work hard to find the best "deal" and the buyers will find you.

You can enter your question under search and see if it's (or variations) been asked before.

Of course, there can be some variation from agent to agent, depending on the agent's philosophy about writing low-ball offers and how busy they are, but their response will still give you some idea as to whether it's worth making an offer.

You also validate via a questionnaire whether the potential lender is "accredited" vs "sophisticated" another big topic in and of itself.Each state has variations of how many accredited vs sophisticated investors you may borrow from.

I am sure they work well, but my limited # of contacts at local REI clubs all have some sort of variation of these names.

It's interesting how much the variations in taxes and customs/fees can affect investment profits across the states.You can request the guide, it's complimentary, at www.reiadvise.com/50-state-guide by emailing [email protected] .To learn more, I interviewed the tax guide's creator, Alan Blair of REI Equity Partners, for a State real estate taxes blog post.

I've done quite a few variations of this, it depends on the commercial lender a lot and what they'll allow (still depends on your credit, income, the property, and cash reserves).But it definitely can be done.