Be sure to check out some local REI groups like NSDREI in your neck of the woods, FIBI in Del Mar area and SDCIA in Mission Valley area.

Sounds like an installment sale and like you are sticking your neck out with a 10 day contract termination.

Maybe I need to exercise my muscle of understanding debt better.  

I don't know about Albany, but in my neck of the woods, tenants are paying 2 X over PITI (principal, interest, taxes, and insurance.Here is why: After the housing boom, there have been several years of massive underdevelopment of housing--so there is less supply.

Something like that can take a long time to find when you are a novice at finding that stuff like me.I need to get going on this project soon.Actually visiting my son out at USAFA now so I am in your neck of the woods Jon.Thanks againChris

Robert,I don't know much about your area, but in my neck of the woods, tax assessments are consistently too high these days.

That, combined with the fact that the house was already small, made me not want to deal with it.According to the inspector here it can be a pain in the neck and a drawn out process to get an unpermitted room permitted after the fact.

James Ormond, welcome to BP... while I am hard money lender based in Charlotte and lending in Charlotte and Raleigh, I was born and raised in your neck of the woods - little Washington (or as we like to call it, the Original Washington).

I would like to point out that a $200 or even $400 differecne is not much in my neck of the woods, however, when I take issue is when a buyer comes in with an agent who has a necessity to get creative to get them into a home such as higher contract purchase price with a substantial amount back in seller concessions.

One of the more active guys on the site, Mark Updegraff is up in your neck of the woods, I believe -- look him up!