Maybe so many jobs are eliminated (taxi, bus, delivery drivers; traffic police; traffic courts; stop sign makers, and many others) that the economy completely tanks.What if North Korea manages to nuke its neighbor.  

I have to get myself a full drivers license to qualify for 99% of these positions and will be investing my wages into this as soon as possible.Am I heading in the right direction?

Ended up having wording put in "property will be delivered in same condition as at inspection"

ARV x 70% less repairs), but I think it is important to understand the drivers behind it. 

Takes time to find good contractors, take the time and check them out.I ask for two bids from each, turn key and labor with profit, I can get materials and they charge to go get it, find it, haul it and carry it, much can be delivered too.

lolhere a deal on Milwaukee Fuel Brushless combo that I am having trouble talking myself out of http://www.homedepot.com/p/Milwaukee-M18-Fuel-18-Volt-Brushless-Hammer-Drill-Impact-Driver-Sawzall-LED-Light-Combo-Kit-with-Free-M18-6-1-2-in-Circular-Saw-2796-24-2730-20/205600314?

Location: Pinedale,WyomingProperty: One lot with an 8 plex, one bed one bath units, currently renting for $500 one lot with two plex's two bed two bath units, currently renting for $ 850Property also comes with five lots zoned commercial, The county said they would rezone them multi family if we wanted.Owner: bank owned small regional bank with two locationsAsking Price:  $690,000.00The tenants pay there own utilities, the bank has owned the property for two years and has tried to manage the property themselves they have had an average vacancy rate of 50% I talked to two different property managers in the area they said they could have it rented at 10% vacancy at least that is their track record for that area.The pros of the property and the deal in my view:Great location located close to the oil fields yet has an excellent view of the new fork river.Bank owned so I think I could get a great purchase price working with a small regional bank.The possibility of leasing directly with the oil companies for multiple years.The Cons the best that I can tell:Gas prices and oil prices are down an the biggest driver of the economy is gas and oil some risk involved because of the economy.Property has a bad reputation of being the ghetto of pinedale Property needs some work my estimate is around $50 thousand mostly on a retaining wall on the back side of the property.Rent on the units is down from two years ago when the one bedrooms were renting for $1000.00 and the two bedrooms for $1500.00.More general information:I have around five years experiance part time in real estate investing, I have 20 plus years of experience in building, I have flipped four houses, I own two investment properties single family residents that I am currently renting out, I am ready I believe to make the jump into multi family housing, I would like to get any help or advise that members of bigger pockets may have so that I do not miss anything that may cost me a large amount of money.The cost i have taken into considerations when figuring out the cap rate are as fallowsVacancy 15%Management 12%Maintenance 10%Repair 5%Insurance $420 a monthTaxes $420 a monthI am relatively new to bigger pockets and real estate investing so any ideas and or recommendation would be appreciated.Ken Fricke

That is, what form, how to write it up and deliver it.  

It's hard to find cash flowing properties that take deliver the returns needed to make it work.  

The only thing holding me back, though, is the fear that I won't find a buyer for a deal and end up in deep crap because I signed a legally binding purchase and sale contract and irking the nerves of a seller after tying it up for a few months and not delivering.