Michael,A RE attorney is a crucial member of your team, but if you are speaking about a simple purchase and sales agreement (PSA), you can get the standard CA PSA from any realtor, online, or even at some local office supply stores.If you are speaking about some more complicated investment contracts needing an attorney, then you should be coughing up the fee to make sure YOU are protected.I am glad to see my thread inspired you to stop the waiting, stop the sitting around, and take action.

The question will be whether the increased demand will negate the downward price pressure on rents due to unemployment, increased supply, etc.

This varies depending on how you structure your contract, but if that is what your contract says, then at the time you enter the contract, you will need to supply a 1% downpayment.

3) Can you supply utilities?

MikeOH,It might help if you supply the "missing link".

Here are some quotes directly from the links I supply below.

Too much supply....

So I plan to supply the bank with a copy of my LLC's bank statement.But should the offer itself go from the rehabber under his own name and listing me as a private money funding source, or would it be better for the offer to go under my LLC's letterhead?

It would be a huge waste of time because of all the window shoppers you'd get.

Traditionally, gold is considered a hedge against inflation, however, at the moment it is only a hedge against the sinking US $.However, real estate price movement depends on many other factors such as supply and demand, interest rate, affordability at a given time, tax incentive, etc.