Basically, you collect a down payment , and the buyer promises to pay you the rest in the future, once he accumulates cash or secures a loan.

@Adam Tafel optimizing performance is a big one!

@Todd Strong I like your optimism Todd.

I have several properties in the Chicago suburbs and I am not overly concerned with rental collections.

Meetups Collection of like-minded individuals in the Real Investment Field, who gather to network and discuss potential deals· Online Blogs and Networking (BiggerPockets, Linkedin, etc…)Same as above· Bank Asset Managers for REO properties Properties that are “Distressed” and Banks want/need to get off their booksPoint Blank you have to be creative and utilize a collection of different strategies, such as the ones mentioned above, and see what Blend works for you.

Here's where some of those costs came from:Planning & Zoning: Get a comprehensive list of all the things that they will require from a new subdivision including requirements for garbage collection, curb-and-gutter, setbacks etc.

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I put in nearly all contracts that the seller must maintain 95% of all rent collections prior to closing or the contract can be void.

Purchase price: $365,000 Cash invested: $525,000 Sale price: $685,000 This property needed a Interior and Exterior Renovation, and floor plan re-structuring to optimize square footage.

And if they refuse would I be able to evict and have the collection agency deal with them?