Usually you're required to mitigate losses, as well as have a spelled out break fee.I'd say two months would be a safe bet, but one at least.

Make sure you buy a deal that you can ride out the bad times in, it must cash flow now and it must cash flow in the future to not bet on the future with todays money, no one knows what the market looks ike tomorrow but if you buy right today you will be ok.

@Christian Fowler I do this with my ski condo vacation rental, it pays for itself and my family and brother use it enough during the year to make it worth owning a place versus just renting (and it has appreciated a ton in just a few years).

Relationships are huge, so to me it seems a little different approach is required versus the approach i take for 4 units and under. 

You bet!

Don't bet on tomorrow cash flow with today's money. 

hey Nick, the REIA meeting that Peter Fennig just mentioned is probably best bet.

Don't take any duds, don't be afraid to back out if it looks like it's not a good bet, and use separate contracts if I need to get multiple buyers. 

Bet not.

@Emilia MarchettiI wouldn’t go into a deal betting on appreciation.