Thornberg published a number of article in 2005-2007 predicting one of the worst real estate crashed in history.

Just wondering what a rehab will cost roughly, worst case scenario).

You can still work it the way Steph explained, but you won't have to put down a deposit, you can use your contract w/contingencies, and in the worst case scenario, if you have to back out then your reputation isn't ruined amongst real estate professionals.Once, you get good at locating deals for investors and you know what a good deal really is, AND, you have some capital or a way to finance the REO if you can't wholesale it during your option period, then you can start doing REO's.

Worst case, you can make the offer using a financing contingency instead of making it a cash offer.Or just move on to the next one, like Scott suggested.Steph

For a year or two during the poker boom, I did the big tournament circuit and made a couple TV appearances (including my worst moment -- coming within one card of winning a World Series of Poker bracelet and then losing to the guy who became the youngest World Series of Poker bracelet winner ever at the time)...

There very well could be a far less expensive solution, but I'm just trying to consider worst case scenarios.

All it takes is some dirt, or some stinky garbage, or, the worst, they follow you around and bad mouth the landlord.My suggestion would be to inform them that they owe you the 45 days rent, as stipulated in their lease, UNLESS you find a new tenant and you can't find a new tenant without showing the house.Tenants will often listen to their pocketbook.Legally, you can probably force them to show, but I don't think you'd get much benefit from it.I like my units to be empty and already cleaned and prepped before I show them.

My tenant is leaving October 31, which is the worst time to rent.

If I am hoping to be involved in real estate in some way right now is this the worst time a rookie could be starting?

My magical number would be 20k, and worst case 40kHouse cost 39k.