This is my business model, and I generally get about 20% of the REOs I make offers on, and about 35% of those I make offers on that have been sitting for more than 3 months.As long as you have your 7 day inspection period on all your properties, you shouldn't have to worry about getting locked into any contracts if you make multiple offers -- worst case, you just go with one property, and back out of the others.By the way, why are you waiting until 2011 to start investing?

The agent sent a person out to rekey all of the locks and put a lockbox on it in preparation of showing.

So many people have good intentions but get themselves locked into information overload.

Does anyone have a contract that I can use to lock it up until she is moved out?

This is where I'm at on the deal so far: - Verbal offer accepted over phone, met with seller - Inspected mobile - Locked it up for two weeks with a contract and $100 deposit.

Rates will go up so I would lock in a rate or cap it at 6% and or prepare to refinance.

Agreements in the lease agreement can lock in rents in consideration for those increasing assignment fees!

I didn't see this thread earlier, but I agree with Nick and Ray that I'd rather lock up the $55K profit than risk losing it all just to try for another $15K.Purely based on my utility function, the extra 25% isn't worth losing the deal over.

I would set the thermostat in each apartment, make sure its calibrated, and install a clear plastic locking cover on each for which only you have the key.

I'd try to lock in long term at 5% and not have to worry about rates jumping up in the future.