Simply put the technique makes use of multiple offers where you as the investor have no investment, no mortgage qualifiation and get cash at closing.

Ashan - You would want to consult a really good CPA who understands real estate investing, because simply investing in real estate does not entitle you to immediate use of all of the tax advantages you mentioned.

The answer to me is simply NO!

I simply have decided that I am ready to begin my career in real estate investing.

It's those times... let them win.

Its up to your end buyer anyway to do his homework before closing the deal.Learn wholesaling first.. then simply implement steps using technology to take your business virtual.. its no big deal.

Many investors simply choose to take a chance that the lender will never find out or they just dont realize there is such a clause.

You are simply selling a piece of paper which gives the buyer the "Right" to purchase the property at your negotiated price.

IF there is a written rental agreement, simply follow the letter of the terms and local law.

Always stand your ground when it comes to needs, if you must compromise your position be sure that you do so with your wants.2.Try to identify the sellers/buyers wants and needs- By knowing what the sellers needs are you may be able to keep a deal together by making it a win-win for both of you.3.Know what you are trying to accomplish ahead of time- If price is most important to you then focus you efforts on price.