Networking with brokers is great too, depending on the broker, but the truly best deals you will strike and have the opportunity to execute will come when you are the one taking the call directly.Send letters, cold call, warm call, knock on doors, leave door hangers, post ads, do anything to start a conversation with someone who may be considering selling their property.

@Robert Howard how about a hotel like a Comfort Inn. 

I left my media executive job in LA and co-founded a media advisory firm, and it's been a BIG awakening at the new financing challenges it's created, even with meaningful income for our first 18 months in operation.

Seems like the procedure is different in NYC than it is in other places from the comments on this thread.In NYC, all written and verbal Offers are NON-BINDING.All it does is determines whether or not there is a meeting of the minds in terms of price and some contingencies, but without an executed Contract of Sale, the offer itself is non-binding.

The strike price became a function of when they would execute. 

As soon as the executed deed is returned, we will forward to the court for recording. 

What is important to highlight is that what is common in any disruption is that when you make something less costly, frictionless, and available, it expands the industry.Let me elaborate on this a little.About 20 years ago, if you wanted to buy or sell stocks you were required to call your stock broker to execute the trade.

I want to owner finance the home from him and then owner finance my interest to someone else (Pretty much executing a wrap). 

You need confidence which I believe comes from learning and executing.

The strategy I am looking to execute is to find a fixer upper with an additional dwelling unit/or granny as they call them here.