Thoroughly researching the market, including average rental rates, occupancy rates, and potential return on investment, is essential.

The investor fails to close and you cannot find another buyer in time, so you cancel the contract with the property owner and forfeit the EMD of $500.But you've essentially made $9,500 for breaching the contract! 

Additionally, being aware of your legal rights, trying mediation to resolve conflicts, and not being intimidated by court disputes are essential steps.

Getting face to face with potential partners will be essential to learning if you who and what type of personalities you most resonate with.

Here's what I got going on so farCreated my Company "Coastal Sunrises" which focuses on STR Management/co-hosting, and am in the building process right now for my systems and I'm essentially looking to build every one of them to scale with so I am okay with taking a hit to profits immediately if that means paying employees/va's while I'm not managing a ton of properties.

This is essentially a type of deed that will transfer ownership as long as specific conditions are being met. 

You will have essentially ruined their lives and prevented them from ever doing this again to another innocent Landlord.

Essentially they are saying I knew a lot more then I disclosed and they are unhappy about it.The city had a standard point of sale repair list naming more then 90 items when we purchased the property.

That's great, but the 1% rule has been essentially meaningless in most markets with rates where they are.

@Varun Hegde the guys who answered you will know MUCh better than me but I am lost and wouldn't touch this (I am not a note buyer) If I understand you are essentially getting an assignment of the rights to collect the payments, like buyiing a note.