The new prospect led me along for 3 months and was a terrible prospect.

Hi,Experience with hand delivering letters prospecting for motivated sellers?

My options so far are:1- Buy the townhouse subject to existing mortgage, evict the current tenant and re-rent for $1850/mo, refinance in 12+ months to lower the PITI to around $1350/mo.2- Do a lease purchase option with the current owner and a prospective purchaser and keep the down payment as my fee3- Do nothing, move on to the next deal What would you guys do?

I just left a meeting with a prospective seller who answered my ad on Craigslist.

I would assume that before you invested your time and money in getting your degree, you researched job prospects for that degree.

How do you as a start up ratchet down the risk for a prospective lender?

The biggest scam is someone will post your house on CL for a much lower price and thentry to have prospective tenants send money to them.

Prospecting.

I am always up front with prospective tenants that security deposits are non-refundable prior to moving in (and after the become refundable assuming no damage to the apartment).

Does anyone offer to provide references of current or past tenants to prospective tenants?