Hello,I am new to BiggerPockets and am seeking an immediate career change.

Know the neighborhood, target market and the future better than others.As a long-time real estate investor, good, sound, and predictable returns vs. risk are the key factors.When presenting an investment opportunity to an investor, your presentation should demonstrate why this investmement will be a good and enduring performer in the neighborhood.It is not about the number of bedrooms or bathrooms, it is about does your investment consideration have the ability to outperform in the neighborhood with enduring results.If you seek fast money today, many old and establish investors will pass the consideration.

It includes late fees/penalties.

Steven Hamilton IIThanks Steve for the offer...As I get to those questions, I'll definitely be sure to seek your wisdom...Thanks againPaul

(You could eliminate any default penalty under the contract as consideration for the additional earnest money ;) ) Hope it works for you.If not, you may need to use the option route and a separate lease with rents paid at market rates and an option price paid as you might agree to structure the deal

I thought this subject due option sounded interesting but am still performing due diligence and seeking advice from others who have done this type of transaction.

Here is why:The state of Texas is growing rapidly due to the migration of new residents seeking jobs, and the reproduction rate of current residents.

I will continue seeking a good broker and developing one.

Seek PROFESSIONAL advice from a licensed and educated financial planner, tax attorney, or your CPA.

However if you are not going to be living there and its strictly an investor's purchase then conventional lending is very likely not an option and you will need to seek hard or private money to finance the purchase then do that and secure the verifiable proof of funds first.