@Reuben Stewart I have been real busy the last couple of weeks, but I should be able to check out the house this coming week and I am sure it is still going to be there..lolReuben, thank you for your kind words.

A good option agreement has every word of a purchase agreement without the default matters related to performance and sets a date to notice of taking the option and a date estimated to close, such as 30 days from date on notice.

In other words, if I expect to spend $5,000 to replace a roof every 20 years, can I use DCF analysis rather than simply dividing $5,000 by 20 years and using this as my annual allowance for replacement?

Thanks for your kind words, Marcia, and for the advice.

you can also set key word alerts for topics or areas of interest like "rehab" or Wisconsin"

This has been my personal issue these last couple months, learning about what is really going on with lenders and knowing what actual products are out there rather than just taking every lender on their opinion or word about what I can or cannot do.I thought conventional loans were the same for anything 1-4 units but each lender I spoke with (over 15) said that it is not the same terms (5%) for a 3 or 4 unit with conventional loans.

I did a search for some key words and have found a few active members who, as you expect here on BP, are very helpful.

I haven't picked any, but have since been listening to podcasts and going through my key word searches just to get some RE education.My hesitation is not knowing the out of state markets, having to invest time to visit and vet a team and backups, and then having to go into maybe lower tier properties.

In other words, zones and building codes change.I should probably say this is not legal advice at this point ;)Hope this helps.Wm

I think most of our deals will come from networking, word of mouth, and possibly direct marketing.