I am not thinking of anything else at the moment of writing this article.

We are building 52 town home rentals ( duplex style in Salisbury) NC picked up another 80 lots in and around Charlotte.

Any pertinent clauses to write into the contract if this works out?

@Adam York, You'll learn to appreciate @Bob Bowling communication style.

It's a ranch style 3/2/2 with around 1,900 sq ft.

I would look at this deal from a worst-case scenario point of view and determine if it still fits into your style of investing.Kenneth R.

I was thoroughly impressed by the writing and the very knowledgable conversations that took place in the comments section afterward.

If the market goes sideways and then down, you'll lose a lot more than a tax write-off for $28,000 in commissions.  

For me, I lay out a very specific scope of work and then create a draw schedule based upon completed work that we have agreed to in writing.  

Can I have an agreement with the seller that says they will pay $15,000 of their net and pay closing costs and we write up an agreement for $115,000, assuming 115k is 70% of the Value of the property?