You'll find it very community oriented here; it's a great site to network with others in all different fields and levels in real estate.

It would be good to build a relationship with an investor oriented realtor that could help you in your business with this kind of information.In reference to the contract, you could put in an offer with a general contingency if you wanted.

You should add on [list]-10% of your revenues as vacancy cost (turnover will run a few days/weeks a year most likely), -10% for routine maintenance like broken windows, torn rug, painting during turnover..., and -another 10-20% for long term maintenance stuff.

Hey Josh,Maybe now people will realize that this is a REAL ESTATE oriented website!

In conservative areas, they are generally more business oriented, liberal areas lean toward consumers, that makes a big difference as to what people get away with in courts and with legal interpretations, I, nor anyone here can tell you what is acceptable in CT unless they are an attorney in CT.  

That said, this is only possible for experienced sponsors - new sponsors have built-in "sponsor risk" such that even safe real estate won't attract the safety-oriented investor to a new sponsor's offerings.  

That brokerage might only want full time career oriented agents to invest their time in.  99% say they don't hardly have a nickel to their name for reserves to start.

A good, investor-oriented mortgage broker can be helpful, too.

They learn repairs vs improvements probably at freshmen orientation.

You're no buying a note secured by a deed of trust, you will be buying the property subject to an existing installment contract.Under the UCC installment sales are terminated upon default, that's all well and good, but states have recognized "laws of equity" requiring foreclosure proceedings in any financing agreement where a buyer has established significant equity, most set that at 10% of the sale price, this buyer exceeds that benchmark.Since the CFD does not have a non-judicial path to follow by agreement you will need to proceed with a judicial course of action, most likely.I don't know, nor do I even want to know Cali foreclosure laws (LOL) but since they are rather consumer oriented I'd think they would follow the popular thinking that using a prearranged quit claim deed, as is usually done with old CFDs, is circumventing foreclosure laws, so I wouldn't go there.