I do not use them for their Automated Valuation Models (AVM's), as they are often inaccurate.

If this will be a rental, you need to add in property management--often 10% of the rent amount, AND maintenance, yard/landscaping, any utilities YOU pay, etc.

Often, you will lose more in lost rent than you make by getting the option premium.

I run my business from home office; therefore, very often you can find me with laptop, coffee and ashtray full of cigarette butts at 3 AM.

A deductible for each service is often called a "Copay."

My credit is spotless and I have never had a late payment.I buy all properties at a BIG discount and never pay more than 70% of the market value (less repairs) and often MUCH less.

Also, in areas that have a high probability of positive cash flow, you often sacrifice being in a highly appreciating market.So, if you are only focused on positive cash flow, you will be paying the IRS a good chunk of your money, and you will be short changing yourself on appreciation.According to this book, appreciation is the best vehicle for wealth building in REI.

I am in Kalamaoo and work with land contracts often.

If your buyer can't close at the last minute (which happens OFTEN), then you need to be prepared to close yourself.

well that's the thing about buyers agency - it's an oxymoron.realtors are supposed to represent their clients to the best of their ability - yet, as a true buyers agent (signed agreement) - you're looking to work for less because you're trying to get the best deal you can for the buyer...now that doesn't always relate directly to the price, but most often i think it does.