There are other contingencies as well (sorry I don't want to write a book here).Option period's length and amount are also negotiable.

I credit a lot of where I am now to Rich Dad, Poor Dad and other types of books.

Sib Bahjat I would suggest reading the book "Landlording on Autopilot".

They DO NOT want properties on their books.

I have read a couple books but think the only real way to learn is through doing.

The difference is yours for sourcing and managing the deals.This way you have simple fixed debt on your books and your assets cover it.

I have no experience what-so-ever in this field, but I've read several books, done some research and have developed the confidence to start!

Rob K So every property deposits to one bank account, you just keep separate books and spreadsheets for each account?

I have a broad sales background, however minimal real estate experience besides owning multiple personal residences over the years.My wife recently completed the book Rich Dad Poor Dad, which has now dominoed into the last two weeks of endless research and studying.

You aren't still reading books and sitting on the sidelines.Don't give up, there is a huge need for good wholesalers here in MA.