The sample motivated seller questionnaire (and explanation paragraphs) on this page will equip you to avoid this common newbie mistake.If you're new to wholesaling or creative real estate investing, you can save yourself a whole lot of mental and financial anguish by asking a series of two or three questions to help you decide whether to deal with a property seller or not.The information you gather from a well crafted motivated seller questionnaire can also help you determine whether the property in question is worth investigating further, regardless of what you find about the urgency of the seller's situation.The section below will take you through a shortened sample form and discuss each section in detail.Contact Information Full NameHome PhoneWork Phone (maybe fax also)AddressSpouse Name (if any)Email AddressProperty Address (For Sale)How did you find us?

If you can get the property for a low price, you can offset the occupancy issue and boost the effective cap rate.

Ever since I picked my first book "Think and Grow Rich", My mentality has shifted towards becoming financially free and independent. 

So if you know how to invest in the right amenities in the right locations that can significantly boost your revenue in addition to the location. ..I personally wouldn't switch to MTRs.

Knowing your area is the best way to get out of the "cold feet" mentality and start actively looking for deals.

(Personally, I don't know how CA, and especially Southern CA has done as well as it has for as long as it has, but I'll be the first to say I don't have the mentality of a 'normal' homebuyer.)On the MF side, there are huge incentives for outside money right now (Venezuela's inflation was between 700-1000% last year, and the folks/companies who made their money during the oil boom there need to get their money out of that as fast as possible) so they're happy to be able to park a couple million dollars in US Real Estate, even if it means losing a little bit of money (or making very little.)  

Current vehicle payment is $398/mo with about 9000 left to pay (2.5% interest rate).Initial thought is go use the cash to payoff the vehicle to increase our monthly cash coming in, and decrease our DTI (only debt besides the vehicle is our rental/pri res/boat) and use the next 6-9 months to see what happens with the election before picking up another door, however having the extra 12k on top of that 6-9 months is also a great boost for a down payment.What are you doing in this scenario?

When I moved to AZ, I brought that same mentality.  

It's tough to take over somebody's mess, but if you buy cheap and see a potential and know your own mental and financial worth, you can do it.  

Fix interest rates at the lowest rate for the longest time possible$400k in IRA — action:  select SD IRA custodian, initiate new account, transfer funds.Don’t approach all of them at once, but rather move each project as far down the line as possible until you’re finished or you are waiting on a delegated task to be completed, then start chipping away at the others.I think you’ll be surprised at the progress you make overall by approaching them incrementally, but more importantly I think you’ll be blessed by the mental peacefulness that comes through this approach (taken from the book Getting Things Done)