Do I have to be concerned whether the agreement is state applicable?

Their concern is, if we take a property back, we have to sell it low enough to compete with everybody else's REO.I feel like we are in an environment where banks are actually self-destructing by driving property values down (dumping their stock).They get into a vicious cycle of lowering property values because they are forced to keep lowering REO prices to move them.

This concern has kept me from being an aggressive investor for many years.Do you or anyone else here think it would be worhwhile to take a home inspector course to be a better real estate investor?

It comes out of his proceeds.Really, you don't need to concern yourself with the sales commission if you are the buyer, other than the fact that buying through a realtor means you can't do a "no money down" deal.

To directly address your concern, I use my cellphone as my business phone, so I can be anywhere and still get that "exploded water heater" call that you're worried about.I think Mike is so passionate about painting a horror story in his "education" product he sells on his website, because he wants to rid his competition.I don't paint a "horror story" about anything.

Only disadvantage is that my piece of paper is lessened in value but that no longer matters to me, as far as I am concerned now the only person who’ll ever size up my degree to see if I’m “qualified” is myself ;)

Now, that said, the only way that would be the case is if:1) the seller didn't know how to determine the value of his property, and was ripping himself off;2) you had the ability to reduce expenses to a point where very few owners can; or3) the seller is extremely motivated for some reason and is willing to practically give away his property.I'm guessing it's none of these, and that you are actually being too conservative in your pro-forma estimates.

Just wondering if anyone has any ingenious ideas as far as marketing is concerned.

It's now obvious to me that this arrangement - extremely common here in Australia - is not used extensively in the USA.

I know how to calculate the cap rate.If i want to know what is the fair value of the MFH:What cap rate should i take into concern in order to know if the property is undervalued?