I formally cut ties with the dishonest investor over a month  ago, so I'm not doing anything behind his back...As for the 4 plex investor, I am  going to tell him that I am wanting to wholesale it.

However I put in mine that they can be negated with 1 days notice.Good agents do not need to contractually tie a buyer to us.

Then one day you look at the pile of junk you own and realize you have 7 figures of equity tied up and it's not changing your life one bit, but you're a millionaire on paper.

If you tie up a property that is listed on the MLS, then you may cause that seller financial harm by tying the property up for a length of time and not following through on the transaction.

I had one tenant tell me that the water pressure was much stronger than it had been.  

I needed to put a contract on it and tie it up, then wholesale the property.Last weekend 1/16/2016, I went out, with my list of possible properties I would put a contract on.To my surprise I was told by two different people at seperate times, that I needed to be pre-approved to put a contract on a property, and the down payment amounts are different for owner/occupant vs investor.I need a mentor/partner that I can work with for my next property.

I ranked them in a tie for third place with two other sites.On the downside: their minimums are very high. $50,000 versus an average of $10,000.

As someone with strong ties to both of those cities I think you could do well in either market.

You need to make the effort of underwriting & registering the mortgage and tying up your capital is suitably compensated.

Don't buy a foreclosed/REO property and state that you are an owner occupant when you are an investor.On properties with ties to the Federal government, like HUDs, VAs, Fannies, Freddies, USDA, etc, it is a Federal felony subject to 5 years in jail and a $250,000 fine.Don't do the crime unless you can do the time... and I haven't the repo worth that time.