One small glitch and you loose your shirt.

Are you going to walk away from the deal and loose your $1,000 in EM and burn a bridge with the bank selling agent?

We don't like to loose every penny we saved up.

On the sample report, I didn't see eviction expenses, court costs, entity maintenance, excessive damage done by tenants (above and beyond the security deposit), etc.

Yes, it might seem I'm asking the obvious but I'm very new to RE investing and have no doubt there's a lot of ways to create profit I don't know about.VERY loosely put, my strategy is to buy a rental property (which at the very least I break even on) use the equity from that buy another property, and on and on.

If we were to bill for every deal that fell through we would loose our clients.Title companies base it on a cancellation rate if you cancel 2 out of 5 deals yes they may ask you to start paying a cancellation fee but if your deals general go through, they just print a cancellation bill for the records and record it as a loss.You can ask a title company to sign a waiver for cancellation cost before you start working with them.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.

Watch that like a loose rabid owlbear.

It works like a charm on mobile homes and I can use loose variations of this technique as the situation will permit.This is not a rip off.

Except, I always just wanted (loosely put, wanted just touches the surface) to spend my life redoing ugly old houses.