I know the terms... and did buy my 2nd rental subject to the HML in place... but my knowledge of particular situations is pretty substandard.

There are lots of ways to use your cash, credit and knowledge to facilitate a deal and profit.

I'd want to have a lot of knowledge and understanding of what I was getting into before handcuffing myself to an "asset" that could dominate my energies for a long time to come.

At that point in time, if I do not cancel, I will be forfeiting my EMD.

The guy shouldn't be doing this as his knowledge of flipping is so bad I wonder why A&E would pick up this guy.The only upside to the show is Kristen.

My investing knowledge is at a beginner level.

I've got 2 sales pending for clients right now that fit into that 2% category, a duplex pending for about 70% of list after only 3 weeks on the market (because the listing agent screwed up on pretty much all the numbers, and everyone else is apparently waiting for him to drop the price before they submit an offer), and a SFR listed at $279,900 -- the only house for sale in a super-desirable little neighborhood of 36 homes -- we now have pending for $195K, but only because we were intimately familiar with and helped shape the story.As an agent, Yes it's my job to get my clients the properties they want, but it's also my job to avoid wasting ridiculous amounts of theirs and my own time chasing no-chance deals.

I had one tenant who got a pit bull without my knowledge or permission, and when I found out, I had my attorney send her a Notice to Quit.

There is alot to cover and I'm sure it will end up in a mess for both of you as it's clear you have not been doing this long enough to gain the skills and knowledge to pull it off.....so my suggestion is to pull that option and get things set up first.

It takes time, it takes understanding, it takes gear.If you don't want to be a photographer, hire one who already has the drive and knowledge, and save yourself some brainpower for what you're already good at.