I am working to become as educated as possible in order to be able to make the best possible decisions regarding moving past the initial evaluation stage.

Experience - always a plus - if you don't have it - have people on your team that do have it and can speak intelligently about the deal - contractor, agent, take out lender, mentor, etc.Exit Strategy - a clear exit strategy - if flipping - how long to complete repairs and relist, estimated time to contract/ days on market, plan if no offers at asking price. if a Refinance - who is the lender, have they done like transactions, have they looked at your full file or just approved you based on an initial conversation. 5+ units - how long does the asset need to be stabilized before refinance can be done?

When the transaction is initiated, each party provides its share of capital - 50/50, 60/40, etc.  

Is hard enough to get people on the phone, should you call someone and the number that isn't the lead you were calling initially, ask that lead for a referral.

Don't worry about asking a thousand questions on the initial call.  

I feel like there may be some details here that are not coming through.Also while you did not sign a termination of the sales agreement.....at some point you had to have had an end date listed in the initial agreement.

I thought about that initially, and it makes me nervous, but I agree that it's something to take into serious consideration.

Initially, I planned to pursue a career in Nursing until earlier this year, when I read ''Rich dad, Poor dad'' from R.

Im just getting started in property management and the first property this happens on the initial contact with the new tenant.

I thought the answer would be easy, but once you account for all the sales commissions, 1031 costs, and closing costs, both for the initial sale, and the future sale once you do find a better investment, it can get quite expensive to buy a neutral cash flow (read bad investment).My situation is I have a property that is appreciating extremely well (at the moment) but is $185/mo negative.