James- As I posted in the thread Mitch mentioned, not just Oct.

The biggest expendature is defense.

Thanks, Steve and James.

Plus, if the optionee skips town your going to have a hard time collecting from his insurance.In real estate, a good offense is often times your best defense. 1.

James,Wow, that's a great plan you have there.

I think what you are looking for is .65*200K - Repair Costs - Assignment Fee - Other Costs = Offer based on what James posted above.

Thank you for the warm welcome James!

Originally posted by James Vermillion:I count deals like so:- Every time I close on a loan/sell a property- Every construction draw I take out on a rehab- Every time I receive a rent check - Each time someone I have ever talked to closes on a dealThis makes me look more experienced and polished as an investor.:) On a serious note I count a fix and flip as one deal and do not understand the logic of calling it two deals.

Congrats James!

But selling the company isa good defense in my opinion.Better, IMO, is to simply get the irrevocable and non-refundable down payment, give possession prior to closing, collect three months rents and close the deal on day 91!