I have dozens of clients doing this in New Jersey most of which come from no construction background, they simply use preferred vendors we have in place (not GC's) which lowers renovations cost because there is no middle man. 

Some allow cash, most require the 10% deposit to be paid with a certified check made out to the referee but there is no verification of funds.

Photos to come What made you interested in investing in this type of deal?

I have mine for 1800, I’ve been receiving a lot of attention on and people have been touring it a lot, however no one has finally made the next steps to move in.

Made in China.

One way this can happen is if there were two tenants on the lease - the check should be made out to both of them.

What made you interested in investing in this type of deal?

You need to understand the market, advertise to buyers, show it in the best light, know what to say and what not to say, be skilled at negotiation, understand contracts, and much more.If you don't know how valuable a good agent can be, it's because you've never used one, or they made it look easy because they are skilled. 

What made you interested in investing in this type of deal?

The property was in a high demand location, so it made no sense that it would be half empty.