So, not really passive.Investing in rReal estate offers a lot more control than investing in stocks, but it also requires an investment of time to do well.

It sounds like the Seller does not want to commit until he knows the deal will go through, and until that time, he wants to be able to entertain other offers. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Offer to help with lead generation, driving for dollars, cold calling, or even administrative tasks.

Multiple offers situations are the rare exception, not the norm.

It offers tax benefits, allows investors to control performance, and is a good hedge against inflation.

It's hard to say offer amount without knowing the rehab part since that could blow this out the water.  

I do it myself and takes 20 to 30 minutes a month (did it yesterday for Dec), with about 7 of those minutes for 1 property in Blount County, TN which requires the form to be manually filled out, write a check, address an envelope, scan doc and check for my records and walk it to my mailbox.

When I asked my agent about options to back out, he didn’t really offer any advice.

They sound very knowledgeable and I am interested in jumping into the customized course they offer.