If you've only done an LOI you need a lawyer to draw up an actual contract and get the terms officially agreed on.

I can offer great returns for investors looking to park their capital in secure, cash-flowing investments.

@Eric Eastman I recommend getting involved with investments that you have security recorded against the property.

@Ben Ballinger, my area is also 3 days to update the MLS, once the offer has been officially accepted, meaning all parties have signed the same document.Verbal acceptance is not officially accepted, and therefore the MLS doesn't need to be updated at that time. 

I had an offer accepted that was 5K less than another buyer because the seller didn't want to wait 30 days for the other guy to secure a mortgage.The risk to me is low- I don't wait the 6 months because my rehabs are actually pretty low in cost (mostly cosmetic) so I'm good with refinancing 75% of the purchase price. 

Yes even though there are only 39 official cities and towns, there are hundreds of smaller areas which have their own names.In some cases you actually have to use the alternate name in order for mail to get delivered correctly, e.g., Saunderstown vs.

    Since your new, and don't even know if you can secure financing .. go ahead and put a mortgage contingency with 2-3 weeks.  99% of the time the banks only care about the net purchase price, not the financing type if it means more money.  

@Greg WempeI sent out emails to our securities attorney, real estate attorney, and an attorney on our Advisory Board this evening to see if they knew anyone.  

It may not be if you've got regular W-2 income that brings you close to the social security limit or if you want to contribute the maximum amount to a SEP.  

@Wade Alderson,You're not offering any security.