@Theo Hicks Finding properties in the AO with the SOS is a great idea and this is something that can be easily outsourced to a virtual assistant that can be found on upwork.Jim---when you say mid-large size apartments...what range are you specifically looking for as far as $$$ and # of doors?

We call that an "Assign Out, AO."

The part that puzzles me is, do I enter a sale agreement then seek financing or do I try to get pre-approval prior to entering an AOS.

Look for one with a 12 mil or better wear layer and a scratch resistant finish like AO or ceramic bead.

I was on the USS Harry S Truman CVN75 as a OS.

Purchase Price: $370,000 (both properties)NOI: $32,1384-plexes :Ao Unit 1 - 2/2o Unit 2 - 2/1o Unit 3/4 - 1/1B.o Unit 1 - 2/2o Unit 2 - 2/1o Unit 3/4 - 1/1 Details:· Occupancy: 100% leased, All leases are currently month to month except A, Unit #3 (current 6 month lease in place expires 7/1/16 then goes month to month).

Start with AO then sprinkle in some OO and filter with medium to high equity. 

I also have hired a full time transaction coordinator who makes a base salary and a bonus on every closing - his job is to make me obsolete for most of the time after AO - best thing I ever did!

The bank said that I would need to have flood insurance in an AO floodplain ( I need to study to see what that really means).

@Stephanie Dupuis hit it right on the nail, legally your offer is dead unless you have an AOS (agreement or sale) or whatever term you want to use for it, that states otherwise.However, it doesn't sound like you used any paper work.