I can see this working if the person requesting you to "release your right to purchase" had an accepted back-up offer on the property, otherwise, what would prevent the seller from entertaining another offer?

Christy Greene,Before you leave for Dallas I would try to contact the local real estate investment clubs and ask them where is the best rental neighborhoods and where to avoid.Personally,I would look for multi family units near the major universities and biggest employers like the airports and entertainment areas.

Hopefully the owner is a reasonable person and entertains my offer.

. - In case you haven't heard about it, the Bigger Pockets Podcast has a lot of great information in a very entertaining format, too.

I currently maintain a rental property in Fridley for my brother and we are entertaining the idea of adding some more.

Grabbed the financials, asked what the seller was after "I've been instructed to entertain all offers, what would you come in at?"

These are smaller 2 or 3 bedroom houses, so the fireplace takes up a huge chunk of area in the living room and makes it virtually impossible to use my entertainment center.

It is the third largest MSA in PA (~650K residents, ~875K projected by 2040), 68th in the entire USA. 4.4% Seasonally Adjusted Unemployment Rate in January (Decrease of 1 percent over the year), which is better than the total USA.Jobs and incomeJob growth was 0.9% over the year.Job growth in the past 5 years has been particularly high in Healthcare & Social Assistance (5,758 jobs or 12% growth) Transportation & Warehousing (4,567 jobs or 32% growth), and Arts, Entertainment & Recreation (3,877 jobs or 54% growth) according to the Lehigh Valley Economic Development Corporation (LVEDC).

@Andrew Davis Coming from the entertainment business side of things that's how I worked.

@Brandon Turner I need to say that listening to you and @Joshua Dorkin go at each other on the podcasts is VERY entertaining!!