Your health will be better and you will get fewer lines in your face.Consider this, there is a high probability that more experienced investors were shown this same investment opportunity and turned it down.

You can suggest to the current owner to try and do at least something minimal to stop the leak.Tell her about the mold issues that could arise and affect his/her health if left unattended.Write into your short sale contract a special clause that requires a secondary inspection to verify that conditions of the property has not deteriorated since the original contract may serve as a motivation for the owner to do something to have you not back out, of course, the flip side is you may scare them off with such contingency.

There are numerous options that must be considered and many costly mistakes that need to be avoided.

It is just a question of which methods you prefer.The key to wholesaling is to generate as many motivated seller leads as possible.I like craigslist and bandit signs.But there are numerous other avenues also.Some are driving for dollarsGet a list from list providerWebsiteLocal REIA meetingBirddogs(mailmen,friends, co-workers,etc)These are just a few ideas.

@Justin Glass,I never recommend loans with balloon payments for either party for numerous reasons.K.I.S.S.

Heck my first personal home was in Schererville, and I have built around 100 new construction homes in and around your area.I have a few friends around you with numerous investment properties, and your in a great area to realize great cash flow and appreciation.

There have been numerous forum discussions and articles written about LLCs and business structuring.

They already have a health code violation that they remedied in the 7 days, so by damaging the door instead of calling a locksmith should be grounds for termination.

When I would take a listing for a house on a septic, I would go to the county health Dept to find out about the septic br limits.

I've since found numerous useful posts here and have decided to join the community to learn more, and hopefully give back to even bigger newbies then myself :)-Josh