First I got preapproved (I know... another lender saying to get preapproved) of course it was important to my realtor and offer, but more important it gave me insight into what I could expect for cash needed, payments, etc. 

(a) A person may acquire an option or an interest in a contract to purchase real property and then sell or offer to sell the option or assign or offer to assign the contract without holding a license 

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They often come with fewer complexities than multi-family (especially as a first investment) and can offer great appreciation and cash flow opportunities.

Thus, your profit margin is lower (than the all-cash offer), but your ROI is higher.Putting more than 20% down might reduce your monthly payment and debt-to-income ratio, but it also ties up more of your capital, limiting flexibility.

@Remington Lyman@Remington LymanWe made an offer and it got accepted, now we are nerviously excited :D @Remington Lyman@Remington Lyman Nice!

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Some companies offer discounts on certain products or bulk orders, so it really helps to look around.

I recommend you really study your market to determine the appropriate rent rate, then market yours 5-10% below the competition for a six-month lease.

@Loren Becker You didn't notify the seller of the assignment until after the offer was accepted ?