Even if your car appreciated, you could still run this analysis and find that the cash flow opportunity cost I wrote this up as a sort of mental exercise, to be aware that while buying things with cash might be simpler, it's not always so straightforward as to be the "best" route for making a large purchase.Account Closed - Did you end up immediately investing the money you saved up front by financing instead of paying cash?

Thus ends the academic exercise.

The broker's and seller's certainty that you can and will close play just as important of a role and you will be up against other bidders that have that experience and perhaps have even bought from the broker (and maybe even the seller) before.If your situation is one where you don't have experience with ownership of income property and you don't have the $900K but need to raise that money from investors, then your plan should include buying smaller properties first.

I've done hundreds.Mark,Great insight shared above, thank you.Now, as an exercise, a hypothetical question that might help someone in the OP positions: if the OP (buyer) were to loan the heir (unprobated heir seller) a personal loan with a security guarantee of her interest in the unprobated estate (including the real estate) and then filed the personal loan in a UCC filing and also against the persons credit and filed a notice against the property with such claim guarantee then would that proactive action help the buyer to fight off potential other investors who maybe circling the wagon?

At the moment I'm a philosophy undergraduate looking for a way in to property: whether that be through investing while at university or through some role in the property industry after having graduated.Anyways I look forward to be involved in the forum and listening to more of the great podcasts.

That may be heresy in today's market but I still stick by it.Trying to think of other ideas, I'm not sure if this is an on-market property or not, but especially if it's not, there could be the possibility of paying the seller for an option to buy the property at a certain price within the next year, and letting the seller continue owning it through the winter, then you exercise your option and purchase it in the spring once the ground has thawed out.That's a much easier concept to pitch to the owner if they don't have a real estate agent who's basically just motivated to sell it and get their commission ASAP, but if they've had a few deals fall through because of the failed septic then even if there's an agent, maybe they'd be open to it.Alternatively, and maybe simpler than an option, would be just putting down a decent-sized earnest money deposit and having a closing date in the spring - basically an unusually long period for the closing.

I have been in my current job/role for a year.Do I need to go back to the drawing board, keep a steady job in a market I want to buy in, and wait to purchase in a year or so?

Always remember your role is to be the quarterback of the entire project from the due diligence on the front end, to managing the rehab and then to managing the agent, lender, and closing company of the buyer on the backend.

I leave this as an exercise but will say my worst appreciating San Diego property has appreciated over $2k/month over its hold period. 

@Benjamin Hewitt Roles in most real estate partnerships focus around :Deal FlowDeal AnalysisAsset ManagementCapital RaisingInvestor RelationsProperty ManagementRenovationsAdvise taking a personality test if you haven't.