First the cost for 2 weeks in my local paper is $70.00 and it brings 4 leads per week. 10 years ago I paid $70.00 per day.I've made several offers but I typically do not lock in my deals till the 3rd follow up around 45 to 60 days from the initial offer.

The house consists of a locked exterior door, that opens up into a foyer.  

She gave me lock box number and I went in and looked at it. 

Make the purchase price negotiable in a year or whenever so you're not locked in at a potentially below-market price. 

I am studying to become an agent, and studied land development in college; through my education I have been able to connect with some players in the industry and once I can lock a deal I will be immediately reaching out.

If you're needing a place to move into and are able to obtain FHA financing the first option you mentioned of moving into one of the units is a great way to get into a property for little down and lock in financing long term.

Hi BP Community-Is it prudent to purchase a property that needs rehab before you have locked down a contractor to make the renovations?

My question is... should I just continue to rent and let the equity build or owner-finance and lock-in a sell price and establish a larger monthly income stream?  

Presumably you locked in fixed rate mortgages and so even if rates increase, you are not affected by those rates. 

With cap rates at 6-7% and the ability borrow (and lock in a 30 year fixed rate) at 4%, you would be taking less than full advantage of the timing of your windfall by not seriously considering loans.During the crash, most of the people who got in trouble were bitten by adjustable rate mortgages and 100+% LTV.