and massive (time-is-of-the-essence) action plays a critical role in staying ahead of "competition". good luck and hope you have continued success.

Instead, i had a goal, and a very long road ahead of me.

I'll go ahead and agree with your thoughts here, Matt.

To be safe, go ahead and sign a buyers rep agreement (even if for a short time to cover the duration of the negotiations) That way you know for sure it is not a Sub-Agency.

I even do a pre-move-out inspection just to get an idea of what work will be needed, and to review the move-out requirements such as needing receipt for Professional carpet cleaning, all trash removed from the PROPERTY (not left at curb) and I ensure they are aware of the Holdover rate and that there will be a charge for my time if I show up at the move-out and they are not ready.It is a good idea to review all leases for their end date, and schedule an inspection of the property about 60 days ahead of that so you can determine IF you want to renew them, and at what rate.

:wink: Thanks for your response.JamesJames thanks for the reply it was not taken personal but i just wanted to mention the full information that was left out in the pieces mention here and i did not take it offensively either nor to start a headed debate but in all fairness i need to clear a couple of things thats all.I am too an investor and own about a couple of complexes totalling 47 units and growing.

Offer them the house on the following terms;$170K sales price$5K down$165K @ 8%, 30 year amortization, 10 year balloon.P&I about $1210/month.If they don't have the $5K, and/or can't handle the PITI, probably at least $1400, then DON'T DO THE DEAL.With the money you're losing at that rent you'll be miles ahead.

Thanks Michael for the tips, it is very much appreciated.So it seems like to me to avoid any possible problems with sellers etc.. is to ensure you have solid investors ahead of time.This is a lot of fun and I look forward to really getting into this.

Make sure you talk with a mortgage broker ahead of time to make sure you are ready to go.

Just looking for some help from more experienced guys.also when i turn the valve that makes the hot water go off, if i turn it back on i hear rushing water.