I'm just a little uneasy about sinking the vast majority of my funds into my first deal.

All Cash, I understand that your method is solid and sound, but I am just not sure how practical it is for the majority of newbie investors.Mine is just another perspective.

It's just is so much less confrontational, and less destructive to just qualify what you know and how you know it.

It's in a major city near their university.

Now in reference to the "Market" you're sending them to, with my personal exit strategies, the majority of active MLS listings won't work for me, and I haven't ever done a mail out to active listings to be able to judge possible response rates.

Ha, good call.. didnt see the location ;)but yes, 100x100 downtown would be workable, and 770K per ac in a major city is cheap..

So I doubt that if I paid the $100 to have an inspection done(nonrefundable), that I would even be able to pass.Apparently this policy change is due to a change in the FCRA (Federal Credit Reporting Act), which then impacted TransUnion's policy -- previously, they were the only one out of the three major agencies that would allow landlords to pull credit reports without doing an inspection of their facilities.

balloons and large cardboard signs are not very expensive at all...when you come from poverty...you get REAL creative....when I am selling it will look like the Macy's day parade on the nearest major road...Old school stuff....They will come in flocks....old school says ther is results in numbers......

A majority of listings expire, UNSOLD, especially single family residential (SFR) properties.

Offering cash to a represented seller is always a plus, because it takes away one of the major contingencies in a real estate contract that makes probably more deals fall through than anything else, the financing contingency.