Without of course placing a condition for payment on closing.

Lastly, keep in mind that around colleges & universities, property is often sold at a premium price and then it may be in substandard condition.

So far we have been reading books and making the preliminary steps to creating a social network by finding out who we know are real estate agents, contractors, sub-contractors, bankers, etc..

Use things like Plaxo.com and LinkedIn.com plus some social networking sites.

Real estate markets that are located in areas of stable and growing employment will suffer much less than others with less favorable economic conditions.

Zack,Thanks for the update.Use LinkedIn and other network sites (social or professional) to build up your network.

With the current conditions, it becomes less likely any lender will object.

Very few renovations will be needed to get it into good condition.

They are both social and networking where you can meet mortgage people and real estate agents that specialize in investment property as well as handymen, property managers, and many other people that might be of service to you at one point or another.

No strong concerns about the property's present condition.7.