We have negotiating power since we use MTM rental agreements and our state allows us to serve a no cause 20-day Notice to Vacate if we want to clear out the unit.An occupant will become your tenant by default if you allow them to establish residency, whether or not their name is on the rental agreement.

@Jack Medford Personally, I think you are much better served by working full time as others have suggested.

I'll see if I can serve you up a few more on your journey to 150 in 2014!

The value of an inspection is really to serve as a last step in negotiating the price.The other common contingency is financing.

That would have only served to reinforce your sub-par followup strategy.  

The poet John Milton’s words, “They also serve who only stand and wait,” may be both profound and genuine, but the true riches of life are far more likely to accrue to those who actively go out and seek them.

That'll serve you well in real estate investing.

With a month to month, you just need to serve a 30 day notice if the person has been there less than 12 months.

I have served in 2 war zones to save money and would be crushed if it was flushed down the drain.

HI Asha,If the property you're buying is under market it may be better to purchase using FHA depending on the condition of the property since FHA requires a very small down payment of 3.5% on 3 unit residential.This way you can go in with very little money at risk, fix/repair, and refinance into less expensive conventional financing about 7-9 months post FHA closing/rehab.The upside is you have less money at risk and you can use forced/found equity to serve in place of what would have been your contributed equity via much larger 25% down payment.