I assured them that if they accepted the offer they could just walk away and never lift another finger in regards to the property and move on with their lives. 

In today's legal climate, it is more than assured that the injured moron, I mean guest, would pursue legal action.

If you buy a t a big enough discount like Bill Gulley suggests it doesn't matter.Bill, I am curious how you prefer to source notes with significant discounts and what the yield is based on the coupon and your discounted price.  

I did not make anything as all the proceeds went to years of preferred returns.It was not fun losing all of these properties but there was a lot to learn from it. 

So, if you are serious pay it, if not or if it's not a good deal don't waste your money.If I were a seller in a hurry to sell and it was costing me $XXX per day while someone had it tied up while they shopped a buyer I would want assurances they were going to close and  one way is by having a nonrefundable fee. 

I would prefer working with someone local to Nashville, TN, but am open to working with a remote adviser as well.

I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.Does anyone out there have a calculator or template that they prefer using?

I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.Does anyone out there have a calculator or template that they prefer using?

I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.Does anyone out there have a calculator or template that they prefer using?

This was my personal preference as I learn one way and you might learn a different way.