Once they list that property (Oh btw they will use photo shop to make the property look as clean as possible) buyers come to preview and they are totally turned off, local buyers agents know it's over priced do not take buyers to preview, if someone offers under the seller rejects or counters at the same overpriced number, days on the market starts to exceed, all the investors are totally rejected, then one buyer comes in at full asking price which is probably an FHA buyer, the appraisal is conducted, comes in under by $75k and the properties back on the market. 

I was a landlord for 7 years and much prefer just paying someone to do it for me so I don't have the fuss, am still profitable and conduct their fees as a business expense, and spend my time focused on my career, new investments, and personal time.  

@Clayton Plank Have any off the agents ever back tarcked or started giving excuses when you conducted you researches?

If so, I'd highly advise hiring an attorney to handle the creation of the LLC and Operating Statement.If you plan to purchase property in the name of the LLC, you're likely to be asked to provide a copy of the operating statement to prove you're authorized to conduct business for the LLC.

Arthur Fuller II I believe they need to perform an appraisal to change the price.Ask the listing agent if an appraisal was conducted and if so, did they visit the property.

I am just looking to compare how I plan to conduct myself versus how other licensed agents conduct their first meeting with a listing prospect.

Major Suggestion - Learn the neighborhood designation and attend a Zoning Board meeting for the subject properties you are conducting due diligence on.

Thanks in advance for your advice.Hi Leo,There is a key question that I personally use when looking at entering into new business ventures.The questions you as is this "Are you willing work answer any questions I might have and guide me for 9-12 months before any business is conducted"?

This will help you “pull the trigger” faster in making that offer when you see it instead of wasting valuable time searching and searching for that home only to keep losing out because some other prepared home shopper knew what they wanted.

For those who have done DFE before, have you had any difficulties finding a lender who will conduct new appraisal versus basing it on purchase price?