@Stephen CrosbyOnly pitfall is that you put a lot of money into a property that you don't own.If you're going to lease it with an option to buy it later, you should pay for the option to buy and lock in the price now. 5 years is a little long for an option.

My mistake is that I didn't replace the locks.

This is the cheapest money will be for the foreseeable future so I'm locking in long term rates.

I would maximize the 2hrs everyday and lock down some deals first before doing something stupid.

Enjoyed this, especially hearing the dirt bike and locked door stories.

Offer them a 3yr lease option that still locks them into a ‘safe option’ but gives you better cash flow.

He has a broker fee, 5.5% interest, 5yr lock on rate with float, 3 yr prepayment penalty.

When you say "locks to the entrance door", which lock(s) are you referring to? 

Hello i have just won a house at the auction and seen inside the house before it is filled with so much clutter clothes toys and junk...i mean piles...no one lives in the home the owner just comes by once in a while and leaves how does this work i have a quit claim deed for the house  do i just break into the house and change the door locks?

I may be over thinking a bit, but how do you go about making an offer and not lock yourself in at the price you just threw together from your initial viewing of the property?