Or the dollar devalues, to be more precise.  

I am very well known in this industry as the guy that gets houses for pennies on the dollar.

Here's a framework that you should know for tax planning:The further you can push your taxes out, the smaller they become.The time value of money shows us that a dollar is worth more today than 20 years from now.Planning is used to kick the can down the road, and make sure there will be available cash to pay the tax!

It was obvious he valued the upfront fee more than the potential of a real partnership where we could collectively earn substantial profits (hundreds of thousands of dollars vs 10k) in a matter of weeks.

if you have limited resources, you need to plan accordingly to your budget.if your budget is Zero, you need to use free marketing methods like calling all FSBO in your area and landlords with houses that are outdatedif your budget is $250 you can use other strategies like skip tracing, driving for dollars, cold calling or door knockingif you have a larger budget you can do Direct mailing campaigns but to hard to find list, where the competition is small Adjust your marketing based on your monthly budget and be consistent for 3 to 6 months to see resultsIf you don't have lots of capital, consistency if the key over time

@Bryn Chatterton screening applicants will be SUPER important.This is a copy-paste from our website, so ignore some of the specifics.Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

Based recent STR projections, we expect about $40,000 in annual revenue for a 5-bedroom, 3.5-bath house near Rivermount Blvd, which would only net us a couple of hundred dollars in monthly cash flow.

The pest company says for termites it will be 995 start fee and then 22 dollars a month.

I also have lost out on a house because I was some dollars short of the 10%.I know the area and property quite well, and familiar with the foreclosure case for the particular property in question.The reason I ask is, because I am not physically in the area and wanted to see if any service exists, where they can bid on your behalf, when you tell them your maximum, and perhaps hook up with a HML, where the 10% down payment in certified funds is not a hinderance.

If you do not want to do that, then you would have to ask the seller to reduce the purchase price by that dollar amount.