@Frank Casi, I agree with you to a certain extent, which is why I believe finding the right property management company to partner with is the second most important part of real estate investing (the first part being to buy the property at the right price).The good news is that the BiggerPockets community can definitely point you in the right direction as far as property management companies go.Similarly, you can post every opportunity you get in the forum and you will receive instantaneous feedback, which should help you evaluate whether the deal is right for you (kind of like you did with your original post above).All in all, you are on the right track and taking the right approach.  

Under TRID, changes will be made to the following processes: The Loan Estimate must be placed in the mail or delivered no later than the third business day after receiving the application and no later than the seventh business day before consummation.

We recently received a low appraisal on a home that needed significant work.  

Two days after deadline he calls me again and tells me that he's received an offer that's "unbelievably higher than mine, like $40k higher".

Let me set the scene:Friend on FB announces he tried to sell his property via auction but was unhappy with the low bid offer he received and declined to sell.  

Hey fellow BP.I found a duplex in Brooklyn NY, I will go see the property tomorrow with the broker. however , they all keep asking me for a pre approval status.The house is listed for $420k, I plan to put down $150k . i am left with $270k loan.How much money do i need to have in my bank account in order to receive the full $270k ?

During all the stress and work we received a call from our direct mail campaign, put it under contract, found a buyer, and we closed yesterday profiting $9,500.  

I read them on one of the books I received from Bigger Pockets and thought they were pretty straight forward rules.  

I set up a Google Voice number to receive calls and catch voicemails.

I purchase property under market value with leveraged dollars and receive great tax benefits from doing so.