This is the procedure: have a meeting of the minds, and then they send the check to the closing agent for closing.

In all honesty, I find it quite nerve-wracking to take this first step alone and all really I’m looking for is reassurance that my actions are correct.A little about me: I’m a medical scientist ready to pivot into real estate.

You are now the bank with all the protections of foreclosure procedures. 

Plus you get medical insurance, vacation etc.I have to have a lot of cash on hand to flip, last year I dropped $70k on out of coverage surgery.

There is one major medical center in town. 

What are their policies and procedures?

Quote from @Billy Farley: My wife and I currently own 3 doors and moved to a new larger city in hopes to come continue our real estate investing journey.Over the past year we have dealt with death in the family, 3 totaled cars, medical bills, moving expense, job change.

The IRS Chief Counsel released a memo stating that to perform cost segregation properly one must have knowledge of construction, construction techniques, design, auditing and estimation procedures.

Oxford house has policies and procedures with 10pm curfew, mandatory AA/NA meeting attendance, job/school attendance, daily house chores so the house should be the cleanest and quietest on the block. 

My info comes from my own attorney, as well as the Ohio Revised Code Section 5321.16 | Procedures for security deposits.