I heard another investor tell a story on securing a lead and speaking on the phone with a homeowner who was motivated but needed or appeared to need a push aka playing hard to get.

When leasing agent tried to contact tenant for security deposit and 1st month rent 3 days later tenant decided that she did not want to move forward.

A growing percentage of their income deducted from their wages through failing government programs such as Social Security, Medicare and now Obamacare.

Hey BP Family,These are great articles on securing and closing on good deals in every housing market USA and abroad.http://www.biggerpockets.com/renewsblog/2013/07/02/fat-check-in-real-estate-investing/?

If 30 of the 35 have a part time job at Burger King and need two months to save up the security deposit, you will be wasting your time.

Some HML's don't want anything to do with funding repairs, some prefer it, because as they disburse the construction draws, their security increases in value.

Capital gains are for investment purposes and business property that is held over a year.Income from flipping is also subject to SE TAX. which includes both halves of Social Security and Medicare(Employee and Employer).

There are various ways to secure accurate up to date comps per market.

That seems like it is a bit aggressive to me and I am wondering if they had a securities attorney vet it.

However if you are not going to be living there and its strictly an investor's purchase then conventional lending is very likely not an option and you will need to seek hard or private money to finance the purchase then do that and secure the verifiable proof of funds first.