You would need to come out of pocket for the excess, or else get the sellers to accept a lower value.Once you have a contract with an agreed upon amount for closing costs, it becomes the upper limit.

If you want to do a quick "litmus test" on an area, you can take the median or average gross rental rate of the area, as well as the the average property taxes and insurance for the properties you're looking at.

Tell them you take the applications in order, screen them in order, and will offer the unit to the first acceptable tenant.

I recently had my bid accepted for a SFH in Desoto, TX (3br, 2.5bth, 2 car garage).

Side note on laundry, ask that they throw in machines that accept credit or loaded cards if you can in place of or along with coins.

How do you guarantee his investment, do you need to, is he accepting risks, to what extent?

For the probate and inherited properties direct mail, has anyone tested mailing letters with and without a website listed on the letter?

In fact my offer had a 72 hour acceptance deadline which is now long gone.I am guessing this means the bank is in negotiation with one of the buyers and are putting everyone else in a hold position?

Of course, you'll probably want to let the seller know, and you risk having his agent try to talk him out of accepting the contract.

I talking about a REO after I get an offer accepted under my LLC name with my proof of funds and copy of deposit check...How do I sell the property to my end buyer and close...Im trying to flip a REO using the LLC Method