Be prepared to show you are the real deal, if you are looking at 50+ units you should have some cash behind you, and the ability to close.

Being an EMT has probably prepared you for being a landlord in some ways.

The important thing is that I learned and I will be better prepared for what is to come.It wasn't until I went up to one of my teacher's and asked him, "What's a good book to learn to invest?"

Bill Gulley I'm pitching an 8-unit residential building.As always, I'm prepared to hear "no" and look foolish along the way.

Always be prepared for one of "those" calls that you dread, they will come.  

If that is what the market holds, yes but, if the market in the area is 90 days, and the REO stigma is minimal, denying a short sale at a 20% discount, taking the property into REO and preparing it for open market.

It depends on the market, if nobody is prepared to buy cash, and the bank needs the money, a rehab purchase loan could be acceptable to the bank, they just don't want to waste their time, in escrow to find out the buyer can't get financing.

But preparing comps is time consuming if done properly.A letter of intent is a good way to make a lowball offer yourself as has been stated.

You will prepare yourself to death if you never budge.

They have a lot of equity and so it could make sense for them to take out a line of credit it they wanted to...they were preparing to refinance (payments smaller) however there is no need to pay closing costs twice if they are ready to move within the next 6 months to a year.