With the $532 P&I payment and you living in one unit, this actually looks like: $690 (collected rent) - $690 (vacancy, capital, expenses) - $532 (P&I) = monthly loss of $532.At the very least you will be paying taxes and insurance each month.

In other words immediately after we get a signed contract from the seller, we assign to our end buyer and collect the downpayment with the understanding that we have no liability towards it and that the seller's attorney (we use attorneys up here) will be holding it in escrow.

Now actually collecting from them is another story....You need to get in there ASAP because if you have to go through your insurance company you don't want the scene disrupted prior documenting everything for your insurance.

Collecting on an unsecured debt is not easy and losses can incur, as such, most debt related to real property is secured by the appropriate security instrument (mortgage/dot) and that debt is evidenced by the Promissory Note which serves as a sort of I.O.U. for what was borrowed and how it get's paid back.3.

That investor could "Flip" it and make a profit, or if they choose, they could become a "Landlord" by having tenants and collecting monthly income.BP is great to bring these people together!

I take them through a scripted conversation in order to collect the data necessary to determine their level of motivation.

You, as a third party (not seller or buyer) wouldn't generally collect 'acquisition fees'.

If you can't you need to 1. dump it or 2. keep it as part of your future second home collections allowing tenants to pay for some of home. :)

One other thing to consider is to verify the seller’s ACTUAL rents collected.

., collecting rent, screening tenants, dealing with move ins and move outs?