Actually one of the most informative books for me as a beginner was The Wall Street Journal: Complete Real-Estate Investing Guidebook.

Subsequently, this deal fell through as it is vacant and needs extensive rehab.

Some of the value that I plan to bring to the community is my extensive knowledge of marketing - both online and off and how it can be used by investors & real estate agents to help them effectively and quickly market their properties.

I would suggest just getting an extension to the closing date with an addendum.

I've had extensive experience in residential remodeling and management of my family's rentals but have just recently become interested in investing by chance.

THe area has a lot to offer; some areas are very good for the Philadelphia market due to the North East Extension others are excellent for the NYC Commuter; a very diverse marketplace.

You are essentially treating 25% as an extension of your own residence.

The flipper had worked extensively with the broker on purchasing flips, so I knew he was investor-friendly.

They want to stay several more years.Do you kick them out and put it on the market for $1500 or do you sign a 1, maybe 2 year extension?

This would mean a loss of the current revenue stream; at least one month of vacancy for the renovations - likely more by the time it was rented;the cost of the renovations themselves (which would be fairly extensive); and the purchase of new appliances (tenant provided their own appliances).