Thanks guys.Can some one explain to me or give me a break down of how someone would actually do this?

@Latisha Haynes- As @Theo Hicks rightly explained the calculator is the tool of choice for the initial litmus test to ascertain if it's a deal or not.Below, is the link for the calculators.https://www.biggerpockets.com/real-estate-investme...

But if the 'student' has already made up his mind that creative real estate is not possible, then it's so much easier for that person to not even try. 99% of those who proclaim that they want to get into real estate will never buy their first property, because it's not the type of 'paint-by-number-scheme' that want it to be.How do you explain that he recommends his good buddy "Robert Abalos', who's been disbarred in Virigina, Maryland and DC for real estate fraud? 

@Brent Coombs thanks for hanging in there with me.I think I may not be explaining this well.  

I just never used an attorney since there isn't a need as you explained.  

I've read some conflicting information regarding capital gains tax. Is capital gains tax tiered? Here is a simple example:Let's say ordinary income is 10k for a single person. The 10 to 15 percent tax bracket threshol...

Confused we asked why and he explained that even though the other offer was for cash that the seller really didn't want to deal with the hassle of the piano or other junk and decided it was worth our financed offer.To sum this all up it isn't always about the money but rather the other services one can offer......

You may explain your goals if you want to share more information.My One Year Goals:1.

You need to explain that they can get what they want for their property if they are willing to spend 30k in rehab cost and pay 6% to an agent to sell the property.  

All the other houses with water issues can be explained by poor grading.