In other words, unless the market has improved and values have increased, the most likely scenario is that I'd lose more money by converting to a rental, *UNLESS* I held it as a longer-term rental.2.

-----Agreed, buyers can lose down payment option funds if they can't get financed within the allotted time...and if tenant-buyers wish to place blame outside of themselves and pursue legal action against the other parties involved in the transaction...it wouldn't be the first time.

Good luck with your venture.

Finished installing railing, then ventured into the blizzard for a trip to Home Depot.

We both have full time jobs and this is a new venture just started on the side.So if I understood it right, in case of a multi-member LLC it would make sense to do a loan to the LLC?

It would also give me a "safety net" in case my real estate ventures fail.

I got ripped off on my first 2 properties) and you might lose your equity. so I would advice you that you should first try to see if other experienced investors would buy it. and only than buy it. good luck.

With that said, I would not invest out of state with the money I cannot afford to lose.$200k for a 3/2 SFH in the Peninsula is non-existent.

But, if you get taken advantage of (e.g. funding contingency until close of escrow, etc.) because you don't know the ropes, you could lose much more than a 5-6% commission.It also depends on each market and how much work is needed to sell the house.

I am now looking to start venturing into wholesaling and trying to learn everything that I can about wholesaling.This is a fantastic site and I look forward to hearing from you.Katrina