You are correct @Jay Hinrichs.

Michael Gallagherpretty knowledgable about columbus OH, and bicycles, cyclingMost excited to have uninterrupted time to really focus on what's important.If I could make a connection with someone that's successfully working with investors at scale, while maintaining quality.Most looking forward to the Flipping pannel

@Stuart Udis You are an attorney , correct ? 

Prices have increased significantly in my market in the past 18 months with savvy sellers now expecting top dollar for their terribly maintained properties.

Prior to Oct 1, we just signed an ew lease with an existing tenant that maintained a security deposit of more than 1 months rent but less than 2 month rent which was the previous limit.

Please provide me with a correct address to send my billable hours.It's real estate related so, as you know, it's always nothing until closing.

With cash, you keep more of your return and maintain a simpler cost structure.Greater Flexibility: When you own a property outright, you’re not bound by monthly payments or lender-imposed deadlines.

Any other requirements on the seller to do this correctly ?  

Your assumptions sound correct. 

Some of what they are saying is correct, like having a separate bank account to hold security.