This includes the fact that contracting to purchase a property of which you do not have ability or intent to perform on contract is illegal in a great many areas of the country, and yes people DO get prosecuted on this every year. 

@Mateusz Sokol you are out the transaction costs because an appraiser already performed their services.

A lot of posters here keep saying sue for specific performance, but that happens about 0.000001% of the time.Think I'd take my inspection fees and get my E/M back and learn that you really can't force a seller to sign.And even if you could, a signature under duress isn't legal often.

., the Commercial Real Estate Development Association, launched a diversity task force when she took the reins at the organization.

(b) (1) Except as provided in paragraph (2), this division shall not apply to a depository institution, as defined in Section 1420, a person licensed pursuant to Division 9 (commencing with Section 22000) or Division 20 (commencing with Section 50000), a person licensed pursuant to Part 1 (commencing with Section 10000) of Division 4 of the Business and Professions Code, a person who is subject to the Karnette Rental-Purchase Act (Title 2.96 (commencing with Section 1812.620) of Part 4 of Division 3 of the Civil Code), or a trustee performing acts in connection with a nonjudicial foreclosure pursuant to Article 1 (commencing with Section 2920) of Chapter 2 of Title 14 of Part 4 of Division 3 of the Civil Code.

Finding a cash flow property in the SCV or the SFV is not easy and you will have to hunt for a very motivated seller where you can buy at a good enough discount, fix it up, and have it in an area that would support getting close to cash flow which is no easy task as prices have skyrocketed here (although not as much in SCV).

It can be a lot more hands on, more capital intensive, and may be a bit more of a task when just starting out.

Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.

Big Sky, Montana; the Outer Banks of North Carolina; and Hilton Head Island saw a 39%, 27%, and 25% increase, respectively.”As seen above, best-performing destinations are located in rural and suburban areas.

If you end up with hard money lender that's fine, but a bank should be willing to lend that will ensure loan to value and other performance metrics are good.Good luck