Using your example, you sell Mon for your $155K and have a contract on a new home for $100K two weeks after this one sold.

On one hand I don’t want to fall victim to overpriced contracts squeezing a naive owner.

Those stores go with whoever wins the cheapest contract. 

.- You will have to come out of pocket for the arears, fees etc, just to get into "contract" some times $20k or more and all you have as protection is the word of someone who's proven to be unreliable and a signed piece of paper... 

Marcus - do you have the deal under contract?

This also leads owners to ASSUME simpler is better when it comes to management contracts.

There is also a provision in the promissory note that states in the event of default, we must deliver the property back in the same or better condition from the time of purchase. 2: We will deed the property back to the seller & execute a contract for deed.

The house is under contract and i hope we close soon.

For example, I am under contract on a property $75K in NOI for exactly $1M.

I read this book, and within 3 weeks of finishing it had my next deal under contract because it helped me make my strategy decision and feel good about finally acting on itHappy to help if you have any more specific questions.