The 300% swings in price from one carrier to another are what I don't understand.  2) Security Deposits.Are you simply holding these in a savings account, in your own name, separate from your other funds? 

Real people lose real money when the big guys win.

I don't know what I don't know but very interested in finding creative solutions so everyone wins. 

Banks don't do Heads you win, tails they loose. 

and lots of hot springs now on to RK as @Wayne Brooks  PURE FANTASY  now you can in some states bid with a deposit at sherrifs sales.. but the competition in 99% of the counties in the US is so keen that those kind of profit margins are simply not there. in CA its cash on the barrel head to buy one. 

But it sounds to me that as long as you are not more than 12 days into the contract, you can simply tell them you're not happy with the condition of the property and cancel the contract.

It simply needs to be written for this to work.

Finding a good/long-term tenant is possible but the nature of 1 bedrooms simply turn more.

He is a little hesitant with investing in real estate, but I think if I found a good deal in Northeast, I could definitely win him over :) 

We are PA residents and had our DE attorney form our LLC in DE...simply because that's where our rental property is!