Basically you trade off speed and documentation for better terms compared to hard money.

I always figured it would be natural to get into something larger to enjoy even greater rewards, and not surprisingly, real estate and property have been on the radar for quite some time now.

Theorectically any time you buy or sell a house you could be involved with a lawsuit, but to say oh don't buy houses because you could end up in court if so and so happens just is not practical advice.I have never heard of someone refusing to sell when there is an option, and not that it isn't something to process, but to conclude that sandwich options are a VERY RISKY investment because of this possibility seems kind of unfounded.There are risks involved with all investments and adequately and accurately assessing those risks versus the rewards is key to success in any endeavor.

What I want do was compare what I have to what others have, and to know if what I have is sufficient or will I run into problems when I actually have to enforce this section of the agreement.Thank You"Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as allowed by law, either expected or incurred by Owner/Manager due to any breach or default by the Tenant(s) of any terms of this contract."

Well coyote did you do a final walkthrough and compare it with the "move in" walkthrough?

ALWAYS assume you will have a 90% 30 year mortgage, just so you can compare apples-to-apples...and to that point:Taking the other extreme: Imagine that you have a house fully paid off, so that your only expenses are taxes, insurance, repairs, and property management.

PITI cost: 3700/mo. attorney fees, architect fees, title insurance: 7painting, cleaning, 1 new dishwasher, misc fees: 6-10holding costs for 2-4 mo: 7-14Staging, misc decorations: 2total cost: 676-688k.Now, I've toured lots of comparable units in the area.

Actually I would say there is a decent chance that you've never had investment property in your life.And to be honest I am perfectly okay with your very probable lack of personal experience with real estate investing, but you might want to come on a LITTLE less strong next time when you've never been in the trenches yourself.Its very different when its YOUR building that you are remodeling, and unless and until the right profit margin is there with the right risk/reward factor, most serious investors are NOT going to jump in.

Gather information for a comparative market analysis (CMA);19.

its residental and i am going to build a home that is compareable to one that sold for 1,367,000