As I said, above, I'm only a client of Tangie and have no other connection to Probatedaily, whatsoever.

I don’t envy the sellers agent one bit, you can quote statistics all day but that doesn’t mean that they have any validity whatsoever in the real world. 8)

It was a great episode, I'm curious to see how this impacts things in the market place, hopefully there will be some larger over-levered hedge fund backed companies that get kicked in the teeth and the smaller boutique operators can pick em up and actually run them well. 

Cashflow will be tight... maybe it will be positive by the skin of my teeth but I should have significant equity. 

@Ben Jackson when you say you are new does that mean you are new to flipping a house or how never bought any kind of house whatsoever?

If you don't have to do go the leasehold route, I'm not sure why anyone would do it, given that it makes no financial sense whatsoever.

The Tenant is required to obtain his/her own renter’s insurance policy against fire, theft, or other disasters, as the Landlord carries insurance on the building(s) only. .The Tenant hereby agrees to indemnify, compensate and forever hold harmless, the Landlord, its successors and assigns, any parent affiliate and subsidiary entities, their insurers, their assigns, their successors, their legal representatives, officers, directors, employees, agents, or any others who may be acting on behalf of them from any and all claims, damages, actions, causes of action or liability whatsoever, resulting from or arising out of injury to or death of any guest, agent, employee, licensee or invitee of the Tenant in or about the Premises, or damage or destruction of any property owned by the Tenant or any guest, agent, employee, licensee or invitee of the Tenant, unless such injury, death or damage solely and directly results from the intentional or grossly negligent acts of the Landlord.

So I have no access to those funds whatsoever, unless I terminate my employment, which I am not in a position to do. 

The other idea is that ultimately we would like to 1031 our way into stronger quality assets, but our plan does not take appreciation into account whatsoever.

Business…………………………………………….. 144Chapter 7 Real Estate Sales………………………………………… 145Sales/Brokerage Business Model……………………………………… 145Cutting Your Teeth as an Agent……………………………………….. 146The Big Money Listing Property………………….…………………... 147Advantages of Real Estate Sales………………….…………………… 147The Old Way………………….………………….……………………. 148The New Mentality………………….………………….……………... 148Skills, Tools, Technology for Agents…………………………………. 149Agent Team Concepts………………….……………………………… 150Agent Tools………………….………………….……………………... 151Why Agents Must Use the Net………………………………………… 152Increasing Your Competency………………….………………………. 153Strategies for Finding Listings………………….……………………... 153The World's Most Powerful Prospecting Tool………………………… 154The Seminar Strategy………………….………………………………. 156Strategies for Finding Buyers………………….……………………… 156The Trick About Classified Ads………………….…………………… 156Mastering First Time Buyer's Programs………………………………. 157Using Free Market Valuations………………….……………………… 158Audio Brochures………………….………………….………………… 158Trends in Real Estate Brokerage………………….…………………… 159MLS is No Longer King………………….…………………………… 160Agent Forms and Documents………………….………………………. 161Handling Over-Priced Listings………………….…………………….. 161Dare to be Different………………….………………….…………….. 162Building Your Contact Database………………….…………………… 163Open House Parties………………….………………………………… 163The Hardest Year………………….………………….……………….. 164Brokerage/Agent Resources………………….………………………... 164Chapter 8 Real Estate Publishing Opportunities………………… 164The Publishing Business Model………………….……………………. 166Publishing Tools and Skills………………….………………………... 167Information Publishing Ideas………………….………………………. 168FSBO Books and Products………………….…………………………. 168Real Estate Newsletters………………….…………………………….. 169Newsletter Problems………………….……………………………….. 170The 21st Century Newsletter………………….……………………….. 171Newsletter Advantages………………….…………………………….. 172Real Estate Book Review Club………………….…………………….. 172State Specific Landlording Manuals………………….……………….. 173Web Publishing………………….………………….…………………. 173Speaking and Seminar Opportunities………………………………….. 174Home Buyers Monthly Guide………………….……………………… 175Publishing Resources………………….………………………………. 176Chapter 9 Opportunities in Real Estate Paper…………………… 177Mortgage Brokering………………….………………………………... 177Mortgage Brokering Business Model…………………………………. 178Mortgage Broker Fees………………….……………………………… 179Various M.B.