And was thinking about that after I hit the "Post Reply" button...I've been thinking about editing my post above because I don't want to give bad info, but you beat me to it, Jon...Here's where it gets sticky.  

Quote from @Marc Rice: Quote from @Grant T.: I know that the term "good deals" is different for every investor but I am curious where people in the past have found the multifamily properties they bought?

Buying a tenant occupied property can be a bit sticky because you didn't choose that tenant, so you could be stuck with a possible eviction.If you're set on that specific property, I would list concurrently on the HUD website and your normal listing platforms.

The long answer would be to the question, how could it hurt you.Some confusion seems to be here as well, as to "what law" real estate or contract law....There are only a few requirements to a valid and enforceable contract, but while contract law can be very sticky, in most RE transactions you will only be concerned with the basics of a contract.

@Marc Rice Sitting through city board meetings?

@Marc Rice that's true!

Again, this is how they will respond to the seller asking for concessions, a higher price, etc.Ask them some hypotheticals - 'how would you respond to x or y counter offer' or 'what is an alternative to (some sticky situation), etc...

That deserves a sticky!  

Matt Rice

If there is no inspection contingency then it gets sticky.