It takes someone with a lot of confidence to admit that neither they nor their company are perfect, but I think it lends you an incredible amount of credibility.

BTW I had to drive all around town and talk to people, I get more help in person VS over the phone, but some people did view me as a dainty little girl so speaking confidently is a must.

If you want to rent it and you are confident that the $800/mo is realistic then this thing can cash flow if you purchase at $50k.Now if you say you can't get a loan then taking it subject-to will be the other option.

Will do, thanks Bryan, Yellow letters and bandit signs it is (I already have the signs out, and have about 75 oout of 200 left) And yes the list is good, it even has the name/address of the owner of the townhouse I used to rent lol, so yea I feel extremely confident in my list.

If you are confident that some other investor would pay $165k for a duplex that has a gross income of only $2000, then you have a deal at $130k, if not, move on.

I definitely have the earnest money deposit as sole remedy for failure to execute contract.I will not have inspections or financing in the contract - in fact, I'll be trying a sales technique that involves having those clauses in the contract scratched out while we are contracting so that the seller feels confident I'm serious about the sale.

Thanks all for the encouragement and vote of confidence.

You will also need a cooperative transactional lender who has the ability and confidence to utilize two seperate title companies.

Armed with only the confidence of knowing I can ask a question on BP and get answer, IT...IS...ON!!!

That was my understanding and I was completely confident about it in all 50 states until I saw this case.This is the very first case I've heard of where the point of prosecution was a wholesaler assigning contracts.