I skimmed the second link Steve provided, indicating it was more relevant.While reading the rest of the posts, I thought:Take an option, with the agreement that the seller will agree to sell to the public, in blank at that option price.

I just basically opened up accounts to all his supply houses indicating to them that I am a mult-family owner of many properties that will need renovations.

Though the assets we seek out tend to be value add projects and carry a high degree of risk, and past projects will never be indicative of future deals, we truly feel we have a formula that we will not veer away from.

That's not all indicative of what the folks at BP are like.

Just because they've agreed to it doesn't mean you have to.If you do decide to remove him from the lease, I'd think a letter indicating that he's no longer bound to the terms of the lease would be sufficient.

The tenant has 5 days to get out or the Tenant can prolong the stay up to 3 months if and only if they pay all back rent to the court and continue paying the rent to the court.On (1/16) if the tenant has not vacated, I go back to court to gather a Summary Process Execution form to give to state marshal where they would post on the door indicating a forcible removal from property in 24hrs.

He indicated you need 8+ units.

Look for deals with financing that still give you positive cash flow.Would you rather:a) buy a $500,000 property with cash and have cash flow of $1,000 per month (just a random round number - not an indication of a goal), and not have an interest deduction for your taxes; or, b) use your $500,000 as leverage to buy multiple properties (let's say 7 as an example) that are financed, but still get you positive cash flow of $500 per month (again, just a random round number), and you get a tax write-off for your interest payments?

Michael's advice is essentially asking listing agents to enter into an agreement indicating no agency (fiduciary) relationship exists between listing agent and Buyer.

In many cases, the higher end of the range is going to be above what you think the comps indicate, because an appraiser is free to adjust values (to some degree) based on personal opinion.Why is that?