All other terms and conditions of this Agreement shall remain in full force and effect.For what it’s worth, I sign all my tenants to one year leases initially, and then after the initial one year is up, I just allow them to go month-to-month. 

Even if more than one of your bids is accepted, until you sign all the extra paperwork that comes along with REOs, it's not a finalized deal.

Should I be looking to do something different like wholesale do to the high taxes on long island or even go out of state and get a couple of different multi-families. from the books I have been reading I get mixed signals about out of town land lording.

The property itself will need some capital improvements, and the potential revenue is not that promising.This signals to me 3 things:1.

We sign all documents 1 month ago.I did all inspection and earnest money was given to the seller...I was prepare for closing tomorrow and here you are surprise....by the way forgot to mention that it's a Foreclosure PropertyWhat do you think guys>?

If the agent had told you that they were not going to be working much over the Holidays, it would have signaled you to monitor the deal more closely.All things considered, I've acquired almost every property that I own now or have owned in the last 10 years without benefit of inspection.

I Agree with Elizabeth, moving does not automatically mean you need to sell, and ALWAYS get a licensed home inspection...Real Estate investing does not have to signal a lack of commitment.

Generally speaking:A low renter:owner ratio tells me there are a lot of stakeholder present and the area should be fairly nice.A high renter:owner ratio tells me landlords are mostly in control and (if they are not local or actively engaged) few will advocate for the neighborhood.A large inventory of multis doesn't signal much without knowing neighborhood dynamics.Landlords can always use the tremendous amount of influence they carry to lower blight, get rid of trouble-makers, and revitalize stagnate local economy.

You need to start sending out smoke signals to these potential investors.

Realty Mogul doesn't allow ground-up developments though so Fundrise is better for what we're currently trying to do.All of the sites have done a good job signaling they wish to screen stuff before it goes on the site.