You can usually have one or the other, but not both.Use this situation as a lesson in buyer due diligence.

I've started to try to teach her about assets and liabilities using definitions that she gets (she informed her dad that beer was a liability so I'm not sure he is on board with all of the lessons).  

As a real estate investor, I hope to grow my knowledge off of other real estate investors and provide you with all the knowledge and lessons I have learned over the years. 

Lessons: 1) Everything takes longer than you think- just factor that in.2) Getting your part list down the first time is painful.  

Gave up on that, its was an expensive lesson.

Please contact me directly for any lessons learned, "coulda shoulda woulda" or if you have a large scale project that you'd consider bringing somebody in on.Dave

I have learned my lesson after the first two I have done but will budget for it...

Any advice/lesson learned/suggestion from those who have made the jump?

I guess my question is, can I purchase it with no contingencies and transactional funding and try to offer a bit less on the house?

I work as a Corporate RE consultant out of NYC, and while I have plenty of academic RE knowledge, I am excited about putting it to work and learning plenty of real world lessons along the way!