@Linda D.Thanks for the tips.

Hi All,Ever since I joined Bigger Pockets I haven't seen many meet ups in the North OC area (Yorba Linda/Brea).

@Steven Davis and @Linda Flowers sent each of you a PM/Request

Here in Maryland we use the "Property Inspection Addendum" for the former (generally for retail transactions), and the "As-Is w/ Right to Terminate" addendum for the latter (generally for investor transactions).In practice though, if you want to back out after the inspection, just give the seller a ridiculous repair request.  

My main question is about the rental market demand, what are better cities to pick from - Redlands, Loma Linda, Colton, San Bernandino.What price point shd b considered good, would I be better of investing in SFR ($200k) or condo ($100k-$140k), In any case my cash flow would be $100-$200 I am interested in one ppty - I have to give an offer to the seller, not sure how low can I go based on the listing price..can I offer 20% down the listing price or would it be too low?

@Karey Wright - I have a second deal under contract already from auction.com.

Hey @Reggie Wright I think in a lot of areas pre-HUD (i.e. pre-1976) trailers cannot be transported on highways without being lifted onto a flatbed truck, which is substantially more expensive.

I agree with @Linda Weygant , if they've met all your acceptance requirements and been approved you may have an issue with rejecting them.

@Kyle SchilterThe Madison Real Estate Investors Club is excited to host Linda Weygant, Accountant Extraordinaire and investor from Colorado to share her expertise and Meghan McCallum of BP podcast #228 will share her experience from the Quad Cities.

Welcome Linda & Woody.