If the property doesn't recieve any offers in the first few weeks, it is usually reduced every couple of weeks until a contract is procured.

Goodluck with whatever you do, hopefully I'll read about you one day.Newbies ask new questions everyday, most take the feedback and learn from it or question it, not cry about the feedback they recieved and then attempt to make themselves look good and bash the people trying to help them in the first place.For once Bill I can honestly say I agree with you.. doesnt happen much ;) and had to vote for your post!

I originally said NO section 8 but a friend up there pointed out that many decent folks lost their jobs and are doing whatever they can to make a living , and many are recieving assistance.Sorry for a long rambling post, a lot is going on.

Example, when I buy from Home Depot, even though I am in store, and get my stuff in store, ALL my purchases are sent via computer to corporate and sent back to the store where there told what I pay, and I regularly recieve discounts of 20%-65%.

Its amazing that I can recieve such great knowledge from experienced investors.

So when we were rangling over price I told them my offer was contingent on recieving all permits.

My income for 2008 was next to zero other than child support recieved.

Probably somewhat of a newbie question, any advice would be great.I have read more than a few places to refer to yourself as the Property Manager rather than the Owner, which sounds like excellent advice.Now, how do I go about doing this when I do not have a company or another name to recieve checks addressed to?

I signed up and have never recieved any assignments.

Dave,How much cash flow do you expect to recieve for the property if you could get financing at 100%?