There are always pitfalls and you must be able to survive them as you encounter them.

I'm ultimately looking forward to moving on afterwards and beginning to invest in real estate.

You will have a great legacy to pass on.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

The first is when the investor owns rental property and decides to convert it into his or her primary residence (not the case here) and the second is when the investor owns a primary residence and decides to move out, convert it to rental property and ultimately sell it.

@Joshua WinnWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

You can have damages for them failing to perform.While you can have filing options to cloud title, any can be removed ultimately and if they decide not to sell, such a filing is useless as they are still in possession.You can get nasty, fight, threaten suit (and if you do you better follow through) to motivate a seller, but you can't force their hand to sign any deed.Usually, if they really can't be motivated to sell, take the damages and walk away, it could be more than you'd make on a deal, especially after legal battles. :)

But ultimately its up to the seller/contractor.

Have you taken the time to read our Ultimate Beginner's Guide to REI, read through the articles on our BiggerPockets blog, read the hundreds of thousands of posts here on the forums, or listened to our podcast?

@Chris RohdeWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

IF our looking how to get started Ultimate Free Beginners Guide Is a good place to start.