Run it like the executives would run Wal-Mart or Apple.

I simply wanted to know if that is compliant with CA's RE bureau, for future reference.Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

Immediate execution of the tenant(s).

It's a plan however executing it successfully with a SFH will be a stretch.

@Todd James Denman Congrats on executing such a great deal! 

I don't recall the exact situation, but Warren Buffet had a top executive that made a mistake and lost a huge amount of money. 

The next day we had a verbal agreement and the day after that we had a fully executed contract.

Even with crazy high rents, when you have to get into a property for 1mil, it's just hard for the returns to out pace the cost of capital, especially when you factor in all the other costs.The oddity with the last observation is that without capabilities these markets also tend to be the biggest challenge from an execution standpoint for someone just starting out. 

The lawyers will just execute the QCD first, then complete the remainder of the filings.

In addition to your note, with specific payment terms, you need an executed and recorded 2nd mtg/deed of trust.