I don't want to extend myself that far on my first investment, especially with the risk involved.

I noticed there is no Assignability Clause (Buyer may assign and thereby be released from any further liability under this contract).

Those are the people who over-extended and have now lost, or are in the process of losing their properties; thus equaling more bargains for people like you and I.

And they extended my rate lock 3 times at no charge.

I had to literally argue with a rep there to get a release.

Just seems like good marketing to get the press releases out there.And who's to say if the the winning institutional buyer will rehab or rent them?

Don't turn a family gathering into an extended sales presentation.This works in other settings, too.

He asked what to do with their stuff in this case and I told him he had to put it in storage for 30 days to give them an opportunity to pay their debt and release their stuff back to them.

So land and build out is 1.4 I will need 700k in cash to take this down .. then they will give me 4 specs at a time and of course lot releases.

One glaring omission to this application is the required statement that every application should have - the statement authorizing the landlord to contact employers and past landlords and for those organizations to release information to you.