Everyone except perhaps the seller realizes it's overpriced.

I just received a text today from the brother saying that things have changed and she wants to stay now.Looking back I realized I should have issued a Notice to Move out with an end date for her to move out before starting a new lease for the Brother/New tenant.

I realize a lot of you on here a big players.

I didn't realize but I double posted the same link.

You may not realize it, but you have already gotten started, but cutting your liabilities.If it was me, I would build up my savings more.

In several cases, the numbers looked good on paper, but once you jumped in and did more research, you realized that the ARVs being suggested by the wholesaler weren't accurate (house was in a flood zone or just over the border in a worse school district) or the rehab estimates provided by the wholesaler was off by just enough to make the deal less than appealing.

**Edit: I just realized it is actually decreasing your cashflow...

I also agree that "equity" has no accounting value until it becomes realized upon the sale of a property.

As this is an investor walking through he will ask different questions and look at different things that you may be able to answer since you speak the investor speak.When I work with sellers I tell them up front I may flip the property to another buyer and that way there is no surprise when the seller realizes you'll make a profit.

That is one thing I wish I would have realized sooner when I started investing.