But, if you're doing it for practice then approach the seller, explain you have some investor buyer and decided you don't want to hold the property and that you'll pass it on to your buyer.

:) Can you please explain what you use in your contract with respect to this issue of 'expenses and damages recited for the seller'I may need to add that clause to my contract.

One more term I've heard a couple of times lately is a "stalking horse bidder" anyone care to explain that one?

thanks for any help and if anything doesnt make sense i can explain further.

They comprehend that with English being the primary language spoken here, and their weak English ability, that they will need that translator to get by in finding a rental when the landlord isn't fluent in Spanish.So far I haven't had any Hispanic tenants who were incapable of understanding English, although I do have some who rely on their children to explain some things when they don't quite fully understand.

You also will be faced in the resale seasoning requirements (some require 6 month holding and some 1 year).You will have to explain how you purchased just a month ago and now it's worth $30K more when all you did was paint the place and do some rough-framing in the basement.

Is there anyone out there who is willing to explain this to me?

The sellers agent will review the contract & supporting documents prior to submitting it to the seller for review so they can explain the offer seller correctly.

Originally posted by @James Syed: @Kyle Hipp Thank you for explaining.

This website actually explains it a little better, http://www.business.ftc.gov/documents/bus53-brief-financial-privacy-requirements-gramm-leach-bliley-act Specifically this info: Opt-Out Rights"Consumers and customers have the right to opt out of - or say no to - having their information shared with certain third parties.