And God forbid you get a problem tenant that does extensive damage.* If more opportunities present themselves in the near future, you will not be able to capture them as completely (or not at all), because you'll have this house tied up with a tenant in a lease.* A $200K house is not an ideal rental.

There should be a reasonable time, time being of the essence, to cure any title issue and provide for the extension of the contract period as necessary in order to provide merchantable title at Seller's expense.

Check out this post I wrote on the BP forums about that same thing: How to Make a Million Dollars in Real Estate: A Step by Step PathAs for some book suggestions - I'd recommend all the books on this list, but specifically I'd recommend the "Unofficial Guide" book in that collection - as it seems the most similar to what you wanna do.

Developing lots will require extensive network connections and capital to make it work.

It sounds like you do need an extension.

He feels it would take about 20hrs to get a solid estimate as the work to be done is very extensive.

One business day before we were supposed to close they hit us with a 30 day extension because they said they were missing the "proof of foreclosure" document.

We are supposed to close on Tuesday (two days from today) but they are coming around today (Sunday) looking for an extension to close.

Hi Steve - Thanks so much for your extensive reply - extremely helpful!

However I THINK you can only get one called that as an extension off a fire policy for a personal residence.