As a sponsor of two REI clubs with a “no sales” policy, I am often asked if I could recommend any seminars or Guru’s that might provide them with an accelerated learning curve.

You can still give a no-cause notice (in most places at least) but I think you have to pay 3 months of rent to the tenant.

The other reason is if you think rates will go back down historic lows. 5.5% cap looks like a no-brainer if you refinance to a 3.5% rate later down the road. 

If you have a no PMI program odds are its a FTHB program that is a borrower paid comp structure and they expect you get a seller credit to cover the closing costs.

If you could prove the tenant savings month to month compared to the utility's rates that would be a no-brainer for the tenant.

Congratulations on your first profitable flip here in Chicago :) I think if you can continue flipping here in Chicago and creating deals that will cashflow, then sticking to Chicago sounds like a no-brainer to me.

I just don't like the idea of being advised to hang on while things tank so not a good one to seek advice along those lines.It would be good to have one to shoot the breeze with but if their net worth is equal to mine I might listen but unless they own RE it is not likely many are doing that well IMO.With the way the guv bails out the economy maybe it is a no lose situation.

It will be a no-loose situation for the seller if you are going to fund the renovation/updates and get the rent rates up.Get title insurance. 

If I get a no to the price reduction, I’d ask for a notice to close and if they can’t close I’d move onto the next one.

This forces an o/o (or even an investor) to use cash, private lender, fha 203k, fha w/ repair escrow, or a portfolio product.You have a few  days still the back out if you can't make it work without losing money.