There is no final contract until both sides sign off on all terms.Anyway - I agreed to increase my offer to $225K.

I have made contact with the HOA president, Property Management Company, and was finally forwarded to the attorney the HOA has retained to deal with the situation.

.), borrowers are part of the qualification process (up to 25% weight of the final decision is based upon the borrower's creditworthiness).

I marketed it on craigslist and have now found a buyer for $4k more than the full price offer I was asking....I'm not sure if every bank will stop the sale if they are getting what they think is fair, I am just letting you know my experience so you can try it out if you run out of options or time.The deal: 1st $24kasking $35kcontract to sell $39kbank finally took $18k (maybe they shouldn't delay)P.S.

I plan on a telephone conversation to make my offer & mention the contingencies I require, then, if accepted, following up with a Letter of Intent that puts in writing the details (including the subsidies he's offered and the good faith deposit I'll provide along with a signed/accepted P&S Agreement).Finally, as you suggest, I'll try to get a referral to a R.E. attorney.Thank you SO MUCH for all your help!

Hey BP,Finally placed my membership in this Temple of knowledge.

I also have been doing my market analysis for the area I’m interested in buying.

Benefits are numerous - economies of scale, easier management for multiple doors in one location, easier to have professional management (and cheaper), one loan for a multitude of doors, and the list goes on.So, is it possible to get to that goal using SFR's, yes, anything is possible, but less likely and not the best path in my opinion.I have been reviewing many apartment building spreadsheets etc, is their an equivalent quick analysis algorithm such as the 50% rule for those?

However, what the others are getting at, is you should not over analyze (paralysis by analysis).

I was planning on contacting some of the owners in order to see if they are looking to sell or work out some sort of deal.Unfortunately for me this is coming at one of the worst times as I am about to have the majority of my liquid assets tied up in a purchase that is in the process to close….taking forever going on 4 months since the initial offer.Besides the aforementioned research I have approached my banks to see if I may be able to apply for a general pre-approval for a maximum amount so that if I was to jump on a deal I could get the financing hammered out in the time before final payment is due (waiting for a call back).