It is absolutely imperative to “buy low and sell high”, but what about true residual income?

If what you say is true I'd:A) Hire a lawyer who will likely get a notarized letter from the inspector stating there was no damage as well as scare the heck out of the realtor and potential buyerB) Report the buyer's realtor here: http://www.dre.ca.gov/Consumers/FileComplaint.htmlIf you want to back out of the contract I'd speak with the lawyer first.

This is specifically true for marbles and wood flooring.

And, I read some discussion said 05 zip code is in good area; is that true? 

Hello everyone,I'm meeting with the seller's realtor to view a property in a suburb of Charlotte, NC and I wanted to ask you all what kind of questions you have asked in the past to find out good information about the area and property.Here are the points I already plan to hit:Why is the seller selling (Always a go to)What's your opinion on the rental market right nowWhat's your opinion on the real estate market right nowWhat would you say is the reason this home hasn't sold yet (28 days on market)Do you live in the areaWhat do you like about the areaWhat I'm trying to think of is more thought provoking questions that will get the realtor to reveal his true feelings about the area.The reason I'm prying is because it is a relatively small town with pockets of higher valued houses but there doesn't really seem to be any rhyme or reason. 

Watch credit card spending. 

Better ROI for me is playing the agent card and while I am looking for others, also look for myself and go sniff these homes.

Some landlords think you need to treat people like dirt so they respond, but in life just the opposite is true.

As example, list segments in Lufkin for single family homes <$100,000 with 2+bathrooms (the county doesn't report number of bedrooms) owners known to have low equity eliminated: 208 Seniors, age 60-89, 15+ year residence96 Absentee Owners215 Owners with Low Financial Stability Scores, age 40-89, 5+ year residenceThese are great potential sellers for you to mail a letter of post card letting them know how easy you can make it for them to sell their house to you.

If the seller "sells"on a lease option (it's only an option not a true sale), the seller retains title & gets the tax write offs.