you will fail, and you will succeed through your failures.

If the house fails on 1 and 2, or 3 and 4 are true, then if 5 is true, then think hard about tearing down and rebuilding.

Has had 2 offers, one backed out (don't know reason) and the other one's financing failed.

My attorney in San Antonio sued this guy and informed me that Armando was sued by many others for scams and failed RE ventures.Anyways, for those who are new to RE, DO NOT be fooled by these RE gurus and their marketing and sales tactics.

If I replace the cabinets/vanities, I'll always replace the sinks as well;- I will almost always replace the front door;- I will always replace any windows that are failed (fogged up);- I will replace all doorknobs, outlets, switches, outlet covers, switch plates.

With one you take on liability not only from tenants but also with the owner, who may be more inclined to clean your clock if you screw up or fail to inform.

If the seller fails to respond to that email, it'll be marked as sold or they can click a link to say "No, it's still available."

. $5,000 - Down (non refundable) $54,000 in lease payments$7,200 in Down Payment money$1,260 In Option MoneyFor a total of: $67,460 At the end of which time a bank loan is acquired and a payout of: $294,800 - No commissions to brokers, for a total payout to her of $362,260 **If they fail to purchase at that time she ends up with $67,460 in her pocket and her house back to sell.

Thanks for all the comments:Fantasm, I have little to no intention of building being my source of income for the next 5-10 years if ever again so that is not important to me.One thing I failed to mention is the loan is INTEREST ONLY.

Then you have been lucky in your experiences thus far, but are now realizing that an offer with a HML is not truely all cash and many banks have expereinced rookie or fly by night investors using such financing and then failing to perform.