Lastly...just take the art out and dont worry about it.or ... put it in a closet that locks while you rent it.

The market changes, and you've locked them into a selling price that leaves money on the table.

Disadvantages are only a 10 year lock in our case, a slightly higher interest rate.On the deal I am working on right now we can get a rate of 5.125%, 20 percent down (that can come from our Private Money Investor) 25 year amortization with a 10 year lock on the rate and under 2K in closing costs. after year 10, the rate can go up only 1% a year and a max of 6%.Dan Dietz

They process payments, send statements, manage the escrow/impound account, provide collection efforts on delinquent loans, ensure that insurance and property taxes are made on the property, handle pay-offs and assumptions, and provide a variety of other services.loan-to-value (LTV)The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).lock-inAn agreement in which the lender guarantees a specified interest rate for a certain amount of time at a certain cost.lock-in periodThe time period during which the lender has guaranteed an interest rate to a borrower.marginThe difference between the interest rate and the index on an adjustable rate mortgage.

I am all ears!

After you lock up a property/contract, is it typical to show the home to potential buyers/investors or are they expected to take your word on the price and condition? 

Investing out of state is significantly more complex than investing local...you'll be depending on someone to be your eyes and ears...this typically creates a huge conflict when you enter an industry where half the agents can't find their *** with both hands and the other half are commission driven...you're really looking for the 1% that has well established tools for long-distance investing. 

For me the key is evaluating and locking up a contract in short order is the key to getting good deals. 

Locking in for as long as possible mitigates that risk.

I have four 6 plexes in Louisville on the same street and they all do not have locks on the main doors, just a handle to open them.I need to add locks so the tenants have some added security.