@Kyle Perry Things are changing daily with the ability to cash out refinance space.

And the greatest opportunities tend to come in down markets if you have cash and/or the ability and fortitude to buy at the right price.

One thing I was told, which I have never heard of, that when the closing date says "On or About - DATE", that gives them the ability to push beyond the date with no penalty? 

So it depends (as always) :)In this market if the property comes with solid long term tenants that have the ability to pay (even if slightly below market), that's probably a good thing.

Want and ability are two very different things, sort out which this is before you waste a ton of time on details and logistics.A tenant that wants to buy a $300k house for $150k is not worth your time ironing out all the details, once they show you a preapproval letter for what you are willing to sell for then you can figure out the rest.

YUP its crazy the amount of money wholesalers spend on advertising and then have no ability to list the property and let a hot lead go.. 

Ability to raise rents 30-40% per unit.

Ability to raise rents 30-40% per unit.

I was just listening to Bigger Pockets Money Podcast #71 this morning and the guest (Sarah) has the ability to live off of her rental income.  

If you have lost all ability to pay rent, including losing your job or other sources of income such as unemployment or this stimulus check (when that happens), then please call or e-mail as soon as possible so we can help you go over your options.