I've never had to pay all cash, however in both instances I did use a hard money loan which is kind of like cash in the sense that it doesn't take 20-30+ days for a bank to underwrite the loan.When I purchased from a private auction, after winning a normal purchase contract was executed indicating all of the terms.  

It has everything you want to know about executing a direct mail campaign. 

While working on Property # 3 a notice went up on the building next to us about the property going to Sheriffs sale, building was rough and needed a lot of work, but it was right next to ours and as “American Pickers” always say,” bundling pays off”.

Seller has equitable interest in property by virtue of a properly executed contract, [and may assign said contract to end buyer].

Based on the credibility and experience of Gibbons I would assume that most do come to fruition and are executed.

Here's a guide you might find helpful:Investing in American Real Estate While Serving in the US MilitarySee you around BP!

There are many indy BP members that have been successful at executing exactly that.

@Matt R.Our own furnished rentals are aimed at students and academics (post docs) and are generally for a term (4-months) or longer, however another landlord here in town provides "Executive rentals" - furnished along with dishes, towels, sheets, etc and he takes a full months rent (the maximum under law here) as a security deposit.  

One of the biggest keys to my success has been my lease and the execution of the lease.

Even though I'm not a fan of assignments, there's nothing wrong with them if executed properly and the wholesaler does a good job educating the seller and keeps them happy.You can also "birdog" for cash buyers [like me].