From my experience with this which is limited: you cannot change contractors after you commit, contractor gets half up front and half after the inspection & your approval, you can pay the contractor for more work out of your own pocket or do it yourself, the contractor may let you use overages from one part of the project to another (example, you pick cheaper tile than original quoted and more expensive counter tops).

I have a local title guy that doesn't charge me anything because I've committed to bring him all of my title business.Hi @Mikki Rogers, I probably did 4 solid months of research before I jumped in the deep end.

My primary focus is buying/selling notes, but I was contacted by a homeowner in the Mansfield, Ohio area who is selling his house on a land contract and doesn't have confidence that his tenant/buyer will be able to buy the house when the contract is up next September.The T/B has been in the house for 3.5 years, but has been late with payments (which are just enough to cover the mortgage) several times over that span and the owner believes he has grounds to cancel the contract.

And buy the time your done your done buying all these houses, you may get as much money as a cop pension aka $70k a year you do t have to work for until your dead.

Sometimes s#%t happens.

I would appreciate hearing what motivated you to pursue REI and how you were able to go about it, despite the time commitments in the home.Perhaps this could even be a topic for a future podcast...Thanks!

If you don't have a concrete deal with numbers to share, then you'll probably need a very well fleshed out business plan to get somebody to commit to funding future projects.

Just something that I'd suggest asking about before committing to this course of action.With hot water, you can do either hot water baseboards or in-floor heat.  

1- Sell now to Investor2- Be the bank to single purchasers3- Be the bank to an investor4- Hold the rent portfolio and sell off slowly at 60 yrs old, regardless of the price.I'll repeat and second John T's excellent suggestions:5- Sell now to retail buyers (top dollar, but pay taxes).

I've connected with Berkshire-Hathaway Properties, PalmerHouse Properties and am scheduled to meet with Coldwell-Banker next week, but it seems like these agencies are more interested in Agents who are committed to a full-time career as an agent, whereas I am hoping to use my license in personal and family-related investment deals only.