Again, at the end of the day, the main concern to YOU is whether or not the property will cash flow (which is all contingent on what those monthly payment ends up being).

But this person is saving $1000 a month on rent, I don't know why they would go ahead and void a lease where they stand to save $12000 a year for a one off payment of $2000.I'm hoping the current owner has some kind of relationship with the tenant, I can make the sale of the house contingent upon the house being delivered vacant, the tenant may be more responsive to the current owner than me.Andrew

Liens may also arise from what we call contingent liabilities, debts that may be expected but not yet realized, such as a municipal sewer system planned for an area, which it doesn't cost you anything at closing it reduces the value due to the expected costs.

Make the purchase contract contingent to the following:1.

A title commitment within 4 days of effective is pretty quick and generally not at least until the inspection contingency is removed, usually 5 days prior to close.

Have any of you fellow DFW members ever worked with or heard of a local wholesaling/rehab company called Metroplex Homebuyers?

If so, what is their reputation in the area?

If you have worked with them on a deal what...

I don't even think an offer from an investor with an inspection contingency would get looked at in a pile of offers.

Make sure you have an inspection contingency, and get a well rated professional inspector to do a thorough home inspection.What a property is listed for on the market IS NOT an indicator of value.

Without experience, would it be wise to make the offer contingent on a appraisers report, to ensure a little safety?

Daren H.Yes the DFW biggerpockets contingent is strong and connected.