- If similar legislation was inacted in the state in which you do business, how would this effect your business & profits?

notice the "$XX,XXX"...i think mike is located in Ohio.you might be able to make an $XX,XXX offer - but if you're located in say, Long Island NY - you're offer will have to be $XXX,XXX for starters...also - if you're in a place where the market was very good, sellers (about 95% of them) will be expecting A LOT more than what you'll be willing to buy it for.talking to the owners in person is definitely a good way - like mike said - once you've established the ballpark price you'll pay - otherwise, letters and driving to houses is a waste of your time, gas and ultimately - money - cuz it all breaks down to money either way.in my experience - letters of intent are a waste of time, especially if you're sending them to real estate agents.

back it up using any information that the SELLER gave you - to point out their bad situation and how YOU can make their bad situation a BETTER ONE.if you can't do this, then don't waste your time.if they don't like what they hear and say no - just follow up with them in a few weeks and stay on them.

Yea I can definitely see how spending too much time on a site could be a waste of time.

In effect the LLC can easily die and the lender has little to show for its position if the property is not enough to protect the lender.So, why would you expect a lender not to see the LLC as a higher risk?

signs for the place - good condition - visible - other marketing improvements (that are cost effective)?

Some investors are effectively contractors and can accurately estimate the work.If you lack the skills and can not afford large surprises then always expect to pay for an inspection.

You are new and you need to focus on the fine details if you want to understand.You are not transferring to the LLC in the weak sense of the phrase.You want to effectively sell and the LLC buy (transfer of title).

Was that a waste or not?

I do publish what I expect prior to taking an application so that people who know they will not pass do not waste their money.I also process in order and return the funds to anyone who I do not process if I have accepted someone prior.