There is a book called Buy Low, Rent High, Sell High, or something like that, that will guide you through the structure of the deal in regards to the functional aspects of purchase, operation and selling strategies.

There are more pros and cons to this transaction but if all other aspects of the transaction makes sense it could be a perfect opportunity.

Buying for a great price, rehabbing, and selling 2-3 years down the road for tax-free profit will be a great way to learn aspects of the business and build sweat equity from the rehab portion while making a sound investment.

Well now, that is harder to define.

Bryan HancockSounds great, I am way down South, so something more central would help me, but if most are North I will go with what helps the group ;)The title company we use would definately give us a nice room to meet in...

You'll never know unless you ask.If they are willing, I suggest you take the points I mentioned above to your attorney and consider the aspects I described.

Your general question is pretty much asking the how to's of RE professionals in several fields, not just a certain aspect.

LOL, any contract could have predatory aspects by the party drafting it.

I do remember, when I was studying for my Broker Lic. years past, that was one of the subjects, and it defined cash out for hard money definition.

Inconsistent/No marketing = little to no dealsPersistence (In all aspects - never quitting, taking "no's", following up with sellers, etc)Honesty & Integrity - A lack of these two equals the demise of your career in real estate investingNetworking - the more people you know, the more deals you can do.