I was also really hoping this post would get more traction and have some good tips/comments from others with some quick hit negotiating tactics, but maybe it ain't gonna happen...

When I first got started I used this tactic with great success in that all upside value created was mine alone.

It exposes you to a wide variety of different types of investing, ideas, and tactics. 

One of my really crazy marketing tactics i get some decent deals but nothing even close to this.

When your getting started in RE you’ll have no shortage of negative people and chicken littles in your life telling you 857 reasons why it’s a bad idea ,why it’s risky ,why it won’t work ,why you’ll lose money ..etc instead surround yourself with wise counsel and don’t allow your fear of losing money to overpower your desire to be an investor.

I'm trying to find a strategy that satisfies the below requirementsMotivates potential tenants to apply and lease quickly (a weak pressure sale tactic?) 

Has anybody ever used this tactic? 

I can completely understand if someone was investing in a hot market and using it as a tactic to lock the property up quickly. 

@Brian GarrettHave you ever completed a deal using either of those tactics?

I could use some guidance here.I'm looking at a scenario and I'm new, so any ideas or inputs would  be great.I know a guy ready to give his house over to the bank because he is going broke.I'd like to try and buy his house for a great deal and make it a rental and I'm trying to think of the best technique. since Interest rates are high right now, I dont wanna open a new loan and get locked in at a high interest rate on a potentially long loan. so I was thinking about that promissory note idea. where I promise him to pay his loan payment and it stays in his name, assuming he has a better interest rate than what I could get. any ideas on that tactic?