If you don't have the cash to do your own projects, find another rehabber and volunteer as his intern to learn the ropes, learn how to spot a good deal, learn how to estimate rehab costs, learn how to determine ARV, build a buyers list, etc.Once you have all those things under your belt, then start to focus on wholesaling...

And you generally want them to be within .5 - 1 miles, where the closer the better.My recommendation is to find a good real estate agent who can help you determine ARV when you're looking at properties.

Doubt you will get your money back.For the small amount and fees and time to recover it you would be best to move on.Now if you plan on suing for specific performance then you need to show up on closing day on time and ready to sign your documents.This shows you were holding up your end of the deal and documents if the seller does not show.You need to read your contract to determine breach remedies upon default by the buyer or the seller.

Have you done any type of advertising on your own on the internet or in the weekly newspapers that are free for pick-up in front of most stores?

I plan to try to clean the carpets, but I wanted to determine my plan of action if cleaning them does not get rid of the smell.

Fortunately print advertising is no longer necessary with the proliferation of the internet..It's really not that big of a deal.

That can help you determine where you are strong, and where you are weak.But probably their best tool for your scenario is a "credit simulator" where you can see how various hypothetical changes (i.e. opening a new account, increasing your credit limits, adding a new loan, etc) would affect your overall credit score.

CAR uses ZipForms; you can buy the software and load it on your computer, or sign-up for online access (available anywhere with internet connection; always updated).

Too many lenders have been burned too many times.Even for new landlord, rental income won't be counted for purposes of determining your DTI until it shows up on two tax returns.Can you just sell the condo?

It's all subjective on a case by case basis.For instance one owner I know owns a multifamily complex of ranchers single story (over 100 units) on about 12 acres.Over the years retail commercial has built up all around it.The owner hasn't raised rents in 3 years.90% of the community is 55 and older even though it is not designated for that.The owner keeps it filled and does minor things to maintain it.Eventually it will probably be torn down and sold off for redevelopment.Knowing that it doesn't make sense to really over improve it and increase the rents.When buying a multifamily building you have to look at many factors and where it is located to determine what your plan will be.I like upping the rents slightly so that you get the increase but are still below market.As other shave said for someone to move and pay deposits and moving fees etc. they won't do it for a small amount.It's like a restaurant upping a burger 25 cents.You won't be happy about it but will deal with it.Up the burger at once by 1.00 and many might look for another place to eat.