My accountant (WHO IS VERY SHARP and has seen these deals many times) said the same thing ....RUN AWAYDon't give him a penny!

The excitement of the deal fades, the promoter moves onto the next deal and future investors sense your desperation - leading the sharp ones to ask for a bigger cut - or worse, part of your promoter share.

Like all people you work with, make sure that your real estate agent is sharp, experienced, and an investor themselves.

You name it, it's all going on.Shale gas is definitely having positive economic impact on small towns in south Texas, BTW.It could be a sharp flow to be followed by a big ebb, but we are about three times our anticipated volume for the first month.

These owners are sharp, and know they have limited options if they ever want to really trade the thing.

In fact the broken glasses still have sharp "teeth" protruding to the middle.

She is a sweet older lady (very smart and sharp though) that I've built a lot of rapport with.

Robert Knobe - 312-590-2436He and his team are very sharp - tell him Jared Kott referred you.

Great list @Ky Sharp If you are confident in your analysis and buying all cash the appraisal/bpo isn't necessary but an appraisal may help you negotiate if it comes in low.We like to have two or three mgt companies walk the property during due diligence and propose their mgt plan that includes a capex and/or repositioning budget.If the subject property and all properties nearby are the only things ever built on the land there you may not need a phase 1 environmental but if it's a large property and/or you're bringing in outside capital (lenders or equity partners/investors) having one demonstrates your thoroughness and professionalism even if one is not required.If there isn't a recent survey one it may be required but if one is not required getting a new one falls under the same considerations as above.We have gone to always having an engineer do the inspection even though it can be 2x what a non-engineer inspector may charge.

You must have had it looking sharp after the rehab.