@Pierre Streat if you're already in contract then I would ride the boat and adjust the sails. 

However, once you 'step in it' you'll be committed to ride it out.Recording a Memorandum of Option in an ineffective way to memorialize evidence of your agreement.

Hell if I could do a ride along with  a b more cop I would.

Hehe, I think those with experience in the field would give you their 2 cents.Unless you have a great team in place that has experience with all that mentioned above or have experience in healthcare, you will be in for a ride.

@David Voznyukwelcome to the club and you're in the right place to learn.Real estate is very local, so what is going on in one part of the country - or even within your own county - might be very different than another part of the country/county, so even if one area is crashing, another area might be booming.My feeling is that if you're buying real estate with sound economics behind it, you can ride out many of the ebbs-and-flows that are inevitable in the real estate market.

I might be closing on a wholesale deal tonight, and since there is alot riding on whether I can negotiate this successfully, I'm trying to prepare.Here's the bullet points:-She lives in another state-sick of dumping money into the property (she rented it)-wants to be rid of it before summer-indicated in the first conversation that she'd take 60k (I want to get her down to 50k)-80k ARV-she owns the property free and clearI have a buyer lined up, who has also been a mentor.

The way I see it, current owner accepted the risk when they bought the property the way they did.We will agree to disagree but the previous owner didn't get a free ride and will have consequences to pay.

Time it perfectly and you MIGHT get a ride.

You should also be lenient with late fees until this process is complete to ensure a smooth ride going forward.

In some cases, this is the simple fact of empty nesters with senior-level positions and a fraction of the child/house related costs they once had.In other cases, it is someone riding on the high times, and as a result, I don't think it's very sustainable.