It would stink to be at the auction, ready to bid and have it 'called off' because some investor wired the money the day before.It might also save you money.

I was tired and ready for a change… Tired of the “desk job”, so I made the decision to take the plunge and go full time with Real Estate Investing.

@dcg123-What book did you read? I

My plan is to have all the forms in place, ready to use.

The owner is taking his time on selling but seems to be ready, he said he brings in about $3750 in rents and owes nothing.

Here's a few others, if you're trying to detail these out.6) Insurance7) Make ready costs when one tenant moves out before another moves in.8 ) Discounts given to lure in tenants (aka "economic vacancy")9) Advertising10) Legal fees11) Court costs12) Property management (which you can earn for yourself, if you do this yourself.)13) Major repairs (roof, furnace, plumbing)The problem with many of these is that they are sporadic.

The reality is they can do it “within reason”... that hard part is to establish what is within reason...They may be getting ready to sell the building or something...

Another fantastic book that everyone should read is The Magic Of Thinking Big by David Schwartz.

Just recently, one of my duplex units (in TX) is just about ready to close and when I originally closed on the parcel, I hade title insurance and was given a clear title to the parcel.

Was ready to start eviction process when he brought me all the money.