My initial plan was to use the extra $6,600/year to pay down the 4.62% mortgage on my 1st property.

We use Docusign and have gone nearly paperless. www.docusign.com This also eliminates missing initials or sending the document around to a series of people.

Just what I have noticed as little hardware pieces and tools and extra labor and other crapola tend to bring costs up about 20 to 30 percent of my initial estimates on just about every project I do.

I would bet you that someone like Will B who is a huge contributor to this site would put up a profile pic if asked or required.

Obviously you know that your best bet is with an agent that belongs to MLS.

Minus the I/O payments, that is a total $315,000, or 31.5% ROI off of his initial $1,000,000 investment.

From personal experience as an out of state investor, I'd say investing in cheaper properties ($50k>), and getting rents in excess of $900/month in undesirable neighborhoods, does not reap the rewards that initially look great on paper.

I bet some of them are people looking to assign the option.

You can always get a copy of the title binder at closing and have the title company "mark it up" (initial the elimination of exceptions that will be taken care of out of the closing - ie. satisfying liens, taxes, survey exception, mechanic's liens, etc.)

Bet not.You could possibly rent it out and sell it as a turnkey investment to an unwitting investor from out-of-state, for a large profit.