Also, it seems to me the market for condo's is slowing down a little, and the rental market is improving a little.So, after all that, anybody have any thoughts, tips, or advice?

However it is still in beta stage and there is a possibility that they will be able to improve on it.

I spent a couple nights at the local home improvements stores pricing items out, etc.

It was good practice

Somewhat related to this discussion, I have heard instances of investors including a "discount" in their offer/purchase price if they purchase properties with 100% cash.If this is common practice, what kind of discount are we talking?

(e.g. buy a house for $200K, rent exactly equals expenses for the building, yet the value of the house increases to $250K so you are now wealthier after a year)In practice...

I had a Realtor out of TN tell me about a loan program where you buy the house in any condition as long as you have a bid from a contractor to repair/improve.

If the agreement is for B2 to make improvements and then buy the property in 6 months, in 6 months a sales agreement is prepared between B2 and the Trustee, who signs for the Trust.

I went through my numbers about a hundred times, went to the local home improvements stores and priced things out...

He wants to make payments to me for a 2 years (I talked him into agreeing to 1 year) spend some initial money on further improving the property and hopes to rent it out.