Same goes for MLS deals that require quick action with no time to visit property...what is the biggest factor you look for or do you have buyers already you already know who will want the property based on neighborhood, price, sq ft, etc

The downside is that your cost basis is $125K so if/when you do sell, you may have to pay taxes on more money than what you receive from the sale (it should be LTCG though which is pretty low comparatively speaking).

I got started a few months back and by no means am I experienced, but I can tell you networking has made the biggest impact as far as my success.

@Billy Bob I think the biggest thing to minimize your concerns is to track each of the payments you made either with cancelled checks or copies of your checks from your online banking site.

The biggest issue is getting money.

The agent is the biggest in the county.

My biggest question would be "is your EF fund going to be borrowed or do you have any cash?"

My biggest questions are does this look like a good deal?

I'd LOVE to be able to do that, but coming up with the 20% down payment seems to be my biggest issue.

A 3/8 drill refers to the biggest bit diameter that the drill chuck will accept.