We are currently exploring this exact scenario with one of our investors and our accountant gave us the thumbs up to move forward.

There are many sources, HUD, Auctions, Hubzu and check out Zillow and Trulia and then explore the possibilities.

Hello Friends at BiggerPockets,I'm about to close on my first property and am exploring different property management software.

I have never done one , but I am sure someone on this site has access to one , It should be basically a contract with the seller , giving you exclusive right to purchase property after certain conditions have been met or explored

I'll continue to explore the forms and learn all I can.

And the same couple has been in the house since 2009.My PhD is in Genetics.

I too am not a fan of the daily rate and have certainly never explored the hourly, but I have found the DR to be useful in determining the priced job total.For instance for a small job a contractor will say that the labour would cost $1500 but when you ask what his daily rate is along with the number of days it would take him, they won't match up.

Welcome Aron; There is a lot of great information here at BP so start exploring and learning on what you are looking for.

Explore the tool bar there is a wealth of information available all you need is time.

I have personal investing experience (mostly residential deals), but I just wanted to explore this potential opportunity.