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.

The Option is for the right topurchase at that stated price and if you fail to buy, the deal is dead.

Now, here is where you need to have a serious discussion with your attorney.When you personally manage the property, and a tenant's personal injury is a result of something you personally did, or something you should have done but failed to do, then you are personally liable.

Of those that start, most will fail.

Though I seem dormant my worth increases, never failing, never ceasing.

Texas has created 37% of the jobs created in the U.S in last couple years, created over 200K in jobs and has companies moving there as fast as they can get out of their current states.JSCOTT- 2nd post- You failed to list the actual % drop in real estate, % tax hike in 93, and how it affected tax revenue.