You want to work with a company that will help you qualify buyers, perhaps even do an affordability (Debt-to-income ratio) analysis, keep you informed of the buyer/prospects progress, provide not only credit repair services but give you an opinion of how long it will take for a prospect to become mortgage ready.

The basic things to have in your contracts are as follows.a) it's need to have the words "and or assigns" in the contract next to your name.b) needs to have an inspection contingency.c) you need to mention in the contract that your are buying the property "as is".I also use in my contract that the seller agrees not to negotiate with prospects that I send to the property and that I may market the property on different media outlets including the MLS.

Having said crazy things can happen in nice areas too but frequency is much less.You could put up maybe some cheap neighborhood watch signs etc. to deter that kind of activity from forming in your area.

In other words, we need to carefully and clearly describe several legitimate conditions that the tenant / prospective purchaser must comply with in order to earn or obtain an option from the owner / seller.

I've found that people with bad credit and good rental history are some of the best prospects.

Don't forget to turn on your BS meter when showing, and always show it yourself rather than let a realtor, it's the best time to get a sense of your prospect.

My units are spread out so I put lock boxes on them and let prospects that I've prequalified show themselves.

For two years now I've done nothing but waste countless hours researching local properties, going to see various properties, and wade through this huge stack of prospects only to never pull the trigger.

I am curious what kind of information should I gather and offer to my prospective buyers?

What is the cap rate for properties, what is the potential for appreciation, what are future prospects for the area and more importantly what are your goals for the money you are investing.