Inspections are cheap compared to what you stand to lose if you miss something.

Can I tell the Section 8 tenant that she could lose her voucher if I call the Section 8 office?

I feel like I have finally saved up enough money to start venturing into it.I've started writing my business plan and looking into properties.

If through a listing broker it will depend on what the listing broker entered on the MLS and MLS rules.In Georgia for instance on FMLS if as a broker you screw up and enter commission wrong,mistake things etc. you can be on the hook for the commission or lose access to the MLS.MLS's are sometimes controlled by REALTOR associations and other times are private entities that are non-profits or for-profit organizations.Also the brokers/agents involved it would matter if they were REALTORS or not.Generally your state's real estate commission does not handle commission disputes.They only care about license laws.The agent can argue procuring cause with the other agent but it should not stop your sale.Simply you would close and get your proceeds and the commission in question would be froze until a solution was given and signed in writing or a court order.There are so many variables to this and it is state specific.Procuring cause is a chain of events leading up to a sale of a property.If the chain is broken generally the broker/agents is not due a commission.The moral of the whole story is the buyers agent needs to learn how to protect themselves in the future.I am not going to court to get my agents commission when I only charge them a 300 flat fee as a broker.No legal advice

Put the home back on the market and hope the VA appraisal doesn't get attached to the propertyI am concerned about losing the profit but more concerned about setting a low comp for future home sales

The cost is built in somewhere to what they are doing.We get landlords offering free rent here for 1 year.The rent isn't free on commercial as they then have year 2 at a higher than normal rate to recover some of the lost rent and then built in escalations that are higher and more frequent than normal.Never get sucked in by a gimmick.I tell all my clients to be slow and methodical in doing a deal to avoid "knee jerk" reactions.It takes a long time to make money and a small amount of time to lose it.You also have to watch out for if they are in pre-foreclosure or not.They could be trying to collect an upfront payment with free rent and then walk.

You play venture capital here that can be a double edged sword so learn before you dive in and it may actually work.

Have you been losing out on the deals where your offering below list price?

Denise,Congrats on your wholesaling venture.

If it's a really great deal go ahead and lock it up with as cheap earnest money as possible now to get rid of competitors so it changes to pending status.I can guarantee others are looking at it right now and running the research you are as well.Get it locked up cheap and then do most of your research in your due diligence period.If you find you do not want the deal you can always assign it for a fee if allowed or bring in a partner to help with additional costs that is discovered or you can negotiate the price down further.I see it everyday where an investor does too much upfront work and do not get it under contract and lose out to someone else.