I would use a standard due diligence clause that allows you to back out for any reason for some pre-defined period of time.Something along the lines of:"Buyer has the option to terminate this agreement for any reason for a ____ day period from the binding agreement agreement ("due diligence period").

Define what you want, pick the niche that serves you best, master that niche thru the plethora of info here.

IMO, definately 3 bedrooms.

I'd imagine it'd be different than absentees as there is a very strong emotional component.

Also - letting people know exactly what you want (Which you already have defined) is great.

The easiest way to insure this is carefully defining your exit strategy and understanding the most you might be willing to pay.I have seen so many at auction bidding items up past a point that make sense simply because they got caught up in the moment.

Each state defines their own specific criteria within the guidelines of the ACT.I believe Karen's goal was to get insight into hard money and private money loans.

In the manner in which you were doing your calculation, which was correctly defined above as incorrect, and I see this often, you were taking your net profit and dividing by the investment term.

I also wrote a sort of "manifesto" that helped me re-define the kind of investor I wanted to be.

Define who you are trying to wholesale too??