Are you prepared for that?

He wasn't prepared to move forward, which tells me he is more on the speculative side.

Of course, the SAFE Act then becomes the investor's next dilemma in doing such creative things ... and this is getting the discussion going a bit off topic, so I'll stop there.

In those cases I will find the one or two top realtors selling (not listing) "retail" houses and ask for their opinion of value, and to prepare a cma, I offer to pay them, sometimes they want $50-$100, which I will gladly pay, other times they do it for free.

Always some uncertainties in their mind when there is changes in management/ownership- To learn about the tenants ahead of time and set plan of action after the close (ie, to keep or to kick them out :-))- To learn about the property that inspection might not uncover ...The first day of the close, I knock at the doors (and/or call first) to introduce myself, with the following:- Walk thru the property with tenant and note down inputs and existing issues- A nicely prepared folder containing: + A simple letter stating change of ownership with my contact info + The existing lease agreement I got from seller + A full sheet of sticker for my mailing address (PO Box).

However, if I ever wanted to learn all that there is to learn on this subject, Brian is he guy I would call - he has forgotten more about options, land trust, and all the rest of it than I will ever know, or care to know, I think :) Good luckYou are too kind, Ben Leybovich.And if anyone ever wants to buy a multifamily for 5% cash down, see his AWESOME podcast here http://www.biggerpockets.com/renewsblog/2013/04/18/cash-flow-creative-finance-life-ben-leybovich/

Loans on property will make you stressed and your creativity will hampered.

The agent is at the top of her game and is very creative, with a huge network of buyers.

If so, what preparations should be made?

You prob. going to have to be very creative to assign HUD houses.