Hi, I was wondering, if you guys have to make the choice about doing your first real estate development from a piece of land, in which city outside USA you’ll go and why ?

Which I think is why MOST properties don't sell for that close to the market value.its not that much different from a stock option right?

The RE agent said the floors have large gaps, the flooring is bowing in the kitchen, and other problems that buyers notice.I've talked to realtors about the value of the 2 KS properties and they all say it's going to be hard to get anywhere close to what you paid for those.

Once you close the problem with those tenants whom you don't have a relationship / history with will be yours. 

The investment is the down payment plus the closing costs: 40,500+5500= 46,000.ROI = 4297/46000 = 9.3%GPT doesn't understand the power of leverage?

Wondering if there is an existing clause that would allow me to back out of the agreement if my buyer can't close or changes their mind.My spread is only a couple thousand and I'm not sure that it's worth the risk.

The water system I'm on is closed.

The subject property you listed is in a solid location, its close to both Short and Long Sands Beach (two beaches in the area). 

I also have to pay him out my pocket an amount after closing, since the seller's  agent wouldn't share more than 1% of commission apparently.

Were they close to 85%?