(We are landlords by accident...long story, happy ending;)Now...I have to start another thread about the interesting story with the 4 huge fish tanks we had to shuffle around endlessly thru-out this process...!

Long story short is the people did not have the down payment they stated they had The bank appraised it for $60k less than what they offered and the deal fell through.

Catching a single one is a different story entirely.You'll need to know who owns a property, how to locate the owner, convince them to sell, know what paperwork is involved, how to use it, MONEY, and how you'll benefit once the property becomes your responsibility.Hope you sort this out and make this work for you.

So right off the bat (from the moment I walked in and met her) I knew I was doomed.Long story short: The male seller and myself had a great conversation.

They got a % of the Gross Profit on the deal.I'm posting a more lengthy analysis of the project on the "Success Stories" section of the forum.  

Great information and stories in the podcasts.

It was really cool. they were talking about rentals and it came me some inspiration to keep pushing.

The seminar was inspiring so I decided to take that step and learn about real estate.

This story made all the local news channels.

The new wrinkle to the story - my ex-tenant was recently disciplined and reduced in rate by his command, meaning he will be out of the Navy in 8 months due to High Year Tenure.