I figured I should take the deal as I would get money back, have my taxes capped, and not have to risk losing at the state level.To answer your question, yes I have experienced long delays.

Don't make the application fee $0 - you will end up having EVERY LOSER and DEADBEAT filling out an application, because what have THEY got to lose?

Don't lose hope, there is money to be made in this business.

I offer blind all the time, I don't CLOSE on it till i inspect it or have someone inspect it for me.You end up losing some deposits from time to time but i figure that is a cost of doing business and I value my time more than the deposits.

Yes, I understand that if I take a check for deposit to ensure the applicant is serious, but then they back out later on, they almost certainly will stop payment on the check, and lose $20 or so instead of $200.But really, if one applicant back down and I have other applicant, have I *really* lost all that much??

However, he is aware he may lose money on this investment, but he feels he is improving the neighborhood as a whole by adding the special touches.

There is nothing wrong with taking the more traditional path with more easily predictable, if mediocre, results.

Lupe,Private lending can be done easily with out using a broker, However that said there are Sec Rules.

If you pay too much for a rental, you WILL lose money.

Not all title issues can be easily sorted or are worth the time and hassle vs. just moving on to the next deal.Buyer beware.Good hunting!