But if you're buying retail, you're setting yourself up to go upsidedown with even the smallest of market adjustments.2: If the numbers work a flip could be a good way to make money to put into future deals.

This is also the first time he has done a deal like this, so he doesn't have a track record for this specific type of deal, but does plan to do this same thing in many locations in the future, so that will come.  

Win, lose, or draw in the future, whatever happens is your problem or prize and the seller has no claim no matter what. 

@Tom Gimer Thanks Tom...in this case there are two many issues that me as the seller and my future buyer just don't understand....especially with owner financing and lead paint disclosures etc , etc.....but I will put as much in the offer as I can but it will still have wording in the offer that it is contingent on our lawyers  creating a formal sales contract in "x" amount of days....I know of no other way to do this since I lack the knowledge to cover all the bases.....but I will take your advice and get as much in there up front ...if there is a better way then please let me know

Account Closed Each investor's perception of a deal is different based on their current position and future goals.

But if you claim this on your tax returns, and your tax returns are used to qualify for future properties, then those depreciation items are added back to your qualifying income. 

Then the basis for your future estimations can come from rent comps and population growth.That being said, always be conservative in your estimates.

Identify a budget for investing that you can sustain for at least 6-12 months to gauge success/failure.6.

I do have an expensive miter saw in my future, as it does pay to get a good one with a large blade, though they are a pain so having a small one and a big one is probably ideal.

After reviewing my goals and my plan of action, I saw what my future holds for me.