@Steve Gruttner welcome to biggerpockets.I look forward to local prospective on lease purchase.

Hello everyone,I am in the process or revamping my yellow letter system, and was thinking of the importance of picking up the phone each time a prospect calls you.I work a 9-5, sometimes more, and used to walk out to take calls, but most were tire-kickers and it was not time-effective.Now I just let it go to voicemail (using Google Voice).

The amount of deposit will be credited to the final security deposit on the unit.If prospective tenant is declined residency for any reason whatsoever, deposit isfully refundable.In the event prospective tenant changes his/her mind about renting, deposit isNON-REFUNDABLE.I fully understand the above statements and agree to abide by them.____________________________ ______________________________Tenant Co-Tenant____________________________ ______________________________Witness Date

I fully appreciate your desire to defend your position as you are a principle in the company who sells these units to prospective investor buyers.

Your point about one day selling in an area where mostly investors have purchased and will be prospective buyers is a great point.

Between that and the $2,000 quote I got for $200k in replacement value and $300k in liability I am feeling fairly deflated about the prospects of this house.

My overall thoughts are mostly aligned with @Aaron Mazzrillo 's first post.I got the idea for posting this topic after having a short conversation with a prospect for one of our rentals.

Cash flow negative can be OK, if you can sustain it and there is some other prospect for making money.Trouble is that you want to live in it.

Townhome usually means same as condo only you own the land underneath and air space above.They may not be able to sell the condo because FHA allows for people to purchase with minimum money down and if it's not FHA approved they lose a large pool of prospective buyers.

However, if a bona fide offer is received from a third-party prospective buyer, then OWNER shall again notify HOLDER in writing and offer the Property to HOLDER at the price and upon the same or better terms as named by the prospective buyer.