I am currently looking at getting involved with some real estate investing meetups around the area and attending some meetings for networking and education purposes.

I originally posted a reply, and it was removed for self-promotion reasons.

Now here is my question, since this realtor hasn't done anything to promote the property and the person who told me about the property is the nephew of the owner, could we just wait until the end of the month when their contract with century 21 expires and then hire a lawyer to close and draw up the contract?

That was my purpose of buying here, besides being where I live.I am glad to hear you think it's not too ambitious, but I will double check my numbers to make sure I'm not being unrealistic.

These strategies will be broken down to promote the brand and to market to specific target audiences to develop business for our key areas of focus for Real Estate Investing.Branding and Marketing Strategies Online Branding-Website1.Squeeze pages- lead capture sites-Social Media1.Facebook2.LinkedIn3.Google+-SEODirect Marketing-Clipper magazine ad-Small monthly circular mag/paper-We Buy Houses Signage on our building-Car magnetWOM Marketing-Pittsburgh REIA and ACREStrategies -Wholesaling-Rehab/Flip-Supportive Housing-Note Brokering/InvestingTarget Markets -Greater Pittsburgh area in 35mi. radius-Where are our buyers buying, wholesale or otherwiseCosts -What is budget?

My suggestion would be to use a more powerful project management tool like Microsoft Project for your tracking purposes and to then create a weekly task list from that which you can load up into something like Basecamp.  

If not then they are buying 3 beds at the cheaper price.I do not know your area.Appraisal means nothing so forget that. if you are not getting an appraisal for loan purposes the appraiser will massage the numbers to come close to your value.

That's a delusion promoted by some guru/promoter guys.   

Unless they are an owner occupant, meaning they actually satisfy the requirements to be considered an occupant, they are not considered a "homeowner" for the purpose of Dodd.

I regularly flip houses, and consider it my business for tax purposes.