I would suggest setting "instabook" to "off", allowing one of the more flexible cancelation options, and having a minimum stay in line with your local ordinances.

Get familiar with the local market trends and property values.

I’d suggest reaching out to some local agents in the area.

But I don't think I fully understand the law surrounding this and the actual ways it should be used.As I understand it, this is what you could do with such a clause if you are buying a property and the seller is financing it to you:As an example using easy numbers, you could buy a property through seller financing for a price of $100,000.

depending on how backed up the county is it can e take a few months for court date. in essex county it took my mother in law about 8 months or so for the full process. she had an attorney, not sure if that sped anything up

Self management works if you are local and can separate emotion from business.

I am local to the Memphis market here and like others have mentioned communication is key.

I am on the board of CFRI, the local chapter for National REIA.

If you want real cheap go to the local food bank.  

Alba v Jean-claude Kaufmann :: 2006 :: New York Appellate Division, Third Department Decisions :: New York Case Law :: New York Law :: US Law :: Justia This decision gives an excellent explanation of when specific performance might be denied.EMF Gen.