Let him know that you are prepared to report his actions and sue for damages.

Be prepared to close on the deal and hold if the market turns.I want to encourage you to be a RE investor.

If you want to go check it out just call and they'll schedule you for a walk through - show you the pricing and selection, but be prepared for a hefty sales pitch.

In any case be prepared to show them how you came up with the offer at some level.

I'd prefer to do some of the legwork preparing the filings myself instead of paying some lawyer to do it, but that's an entirely different subject.Thanks again...

It is important to discuss the issue with your accountant, who should be familiar with real estate, to prepare for and determine the outcome.

one word - TENANTS.i'd relate being a landlord to a poker player -the pros or good players play like they've already lost - so they've got nothing to lose in their mind. as a landlord, if you're going to start renting real estate - rent it as if it will be totally wrecked.ASSUME THE WORST AND PREPARE FOR IT.don't buy and assume the best.hope for it.

Expect that they might be too slow so be prepared to entertain late contact if the offer expires.John Corey

thanks so much jon--i will have attorney prepare that for amount of loan

There will most likely be very few investors willing to do stated and no-doc loans, and if they do they will probably only be 80% LTV.So, again in short, be prepared to come to the table with some money down, just like it was 10 years ago.