In that case you will have to tell your prospective buyer what is going on.

Might be a good deal, I hope you get more than $250 from any of your prospective party goes to contract with so you can pay your birddog.

Finally, I was staring with the prospect of having to dole out $60k a year in college tuition, and the mortgage for a 2000 sq ft house which would not cost less than $1.3M in South Bay...it came to making a choice between college and house payment....real estate is the only way i felt we could build wealth...generate enough cash flow to pay for college and then keep buying enough properties such that it replaces our income and also allow us to make house payments....i have set a target of being financial free in 5 years...keep buying properties until then....we had a choice..use money saved either on down payment of our house...and be stuck with a liability...or spend it on rental properties and truly build wealth.....it was such a no-brainer...

Among these is anyone who "directs or assists in the procuring of prospects or the negotiation of any transaction … which does or is calculated to result in the sale, exchange, leasing or renting of any real estate."

LOL Just kidding.It's true that some brokers/agents will make something appear rosy to get you to buy.Even if you are just selling off the property for a quick 5k it would be wise to have a folder to give prospective purchasers about the property.With the pool does it dominate the yard?

The myth that they will rent their own rentals first is such a JOKE. 90% of prospective renters call on a specific house any way and if that house does not work out for them, then they can be shown other houses, and that works BOTH ways.Many neophyte investors drop out of the game because they try to manage their first rental, which is usually an inexpensive house that has lots of deferred maintenance.

I have already picked up three...fourth is in escrow...and i told myself i will be good for 2 months....let the dust settle and honestly...i am already clamoring to make an offer for the 5th fourplex....we have rented 10 of the 12 units....the 4th prop will probably close at the end of the month...and then we need one month to get it rent ready....after which i give it couple of months to find tenants...i promised to be good at least until the close of the 4th one before i start looking for one...but i find myself constantly scouting online for good values...in the last 2 months..i have gone thru the prospect of evicting a tenant...until she paid late....been threatened with lawsuit over bed bugs for a property i acquired the prior week...and of course...things stopped working when u close on the deal....not to mention i am on my 3rd property manager in 4 months.i have never ever enjoyed myself as much as i have in the last few months....am i hooked on for good....is this how u...the veterans feel...as u face a prospect of the next purchase or is this the excitement of a newbie????

The only reason I see prospective tenants asking about pets is:1.

With a prospective tenant, do yourself a favor and drive by their current home if possible.

With Apts, the only buyers would of course be other investors (:Yes, we've given a lot of thought to offering a owner-contract to prospective tenants and that has been mentioned to a few, though no takers yet.