Currently we have a covid induced shortage of inventory (sellers are hesitant) and buyers are driving up prices in bidding wars.

My recommendation is to keep the 'face rent' the same and offer incentives, like free rent; HOWEVER, I suggest amortizing the free rent over the rental period to lessen the cash flow impact.For example, in these cases I always favor a 13 month term with the 13th month free and that one month is spread out over the 13 month lease term.Here is an example: Monthly Rent: $800Inducement: $800 (one month free)Inducement per month: $61 ($800 / 13 months)Net rent: $739Hope that helps.R Sean

I have spent the last several months on the verge of a stress induced stroke and a couple of weeks ago I decided "&^%* it, its out of MY control".Here is the summary.

A sharp seller would probably sue me for "fraud in the inducement" as well.The most common excuse for wholesaling goes like this:  "I don't need a license because I'm not selling real estate. 

So if something like this happened to me, I would do the following immediately.Send/deliver a letter to the "buyer" (with proof of delivery) advising that the contract is void due to his fraud in the inducement (cash buyer without cash); that I am preparing to file a lawsuit for slander of title (and other causes of action) and pursuing compensatory as well as punitive damages; and that unless the cloud is removed within X days, I am contacting the attorney general of the state as well as the real estate commission to report the fraud.If the cloud was not timely removed, I would hire an attorney and do exactly what I said I was going to do.

He is out of induced coma and is stabilized.

@Jason Hartman BiggerPockets is great, but when I want info on Real estate economics, amazing strategies (inflation induced debt destruction blew my mind when I first heard it) and what is really going on in the world, I listen to your podcast!

An eight page contract will induce people to want to look it over or the dreaded, talk to an attorney.

Rent control essentially created a government-induced scarcity of supply that virtually guaranteed that you will have a minimum vacancy rate (rent them out quickly).

Entering into a contract like a P&S without both the intent and ability to fulfill the obligations therein is a tort known as "fraud in the inducement".