Deposit shall be held by assignor until closing.NOW WHAT I NEED TO FIGURE OUT IS WHO IS THE CONTRACTOR AND WHO IS THE CONTRACTEE...I WAS GUESSING THAT THE CONTRACTOR WOULD BE MYSELF AND THE CONTRACTEE WOULD BE MY MOTIVATED SELLER BUT THEN IT LOOKS LIKE IT COULD BE FOR MY END BUYER.

I want to implement the same strategy with a motivated seller but reluctant to have the sellers continue their responsibility for major maintenance concerns (a technique many investors use in their contracts). 

If you don't see that type of house as money in the bank this isn't for you.We are looking for:>> Character, honesty and integrity>> Someone fun to work with>> Self-starter that likes to work hard for the reward>> Willingness to learn and get out of the box to be successful>> Motivated by money and willing to work for it>> Reliable transportation, working cell phone, laptop computer and camera >> Feel safe driving into lower priced neighborhoods>> Flexible schedule to get the job done when needed>> Organized, able to manage a calendar and be on time to appointments >> Good people skills, friendly>> There's probably more, but we can flush that out in an interview If you're interested in learning more, please send:1.

Stay motivated, do your homework, us this resource (BP) a lot!  

Most tenants assume 1-months rent for Sec Dep is a given, so some don't even mind losing it; But if 2-months is the limit, that may be enough to motivate a tenant to care more than usual.And finally, become (somewhat) comfortable with the possibility the property will be used or abused at some point. 

I'm not sure the motive behind the merger or any of the other particulars.

I have a potential deal on a 4 plex with a very motivated seller.

I guess it depends on how competitive your market is, but a higher EM will be a positive influence on getting the offer accepted.

What I'm expecting to get from this forum is more skill and confidence in talking to motivated sellers over the phone as an investor.Michelle EllisTruBlue PropertiesKeller Williams Realty

This time I plan to use the knowledge I've gained to get out here and try to lock down my 1st deal.I'm still working on a few details and I still have questions but I'm giving my self a three week deadline starting tomorrow to at least send yellow letters or postcards to potential motivated sellers to possibly get my first deal.If anyone has any advice it would be greatly appreciated and I hope to connect with many of the investors in my area in the near future.