@Bob Bowling   the law is on the books for sure.. we all learn that in RE one o one school when we get our license's... just a very rare event.

Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.Besides doing that on here make sure to get out to some of the many local investor events we have.  

I would suggest seeking out any local REIA events or meetups.  

Maybe not as nice as this one.I will tell you when I see you Monday for my presentation at  your event  :)I will probably flip it though unless I get very lucky and can get an onsite "manager"I don't even know what the taxs and insurance are .. but like I said In Oregon you really can't go wrong at that price and it was only 110k all in... for SFR here that would be a very low end house that rents for 900... so at least we are starting off with larger income Even I the worlds worst landlord should be able to at least break even  LOL

For example :Buyer shall have 15 days from the date of binding agreement (“Financing Contingency Period”) to determine if buyer has the ability to obtain a loan with the following terms:* Loan Amount: 70% of the total purchase price of the property * Term: 30 years * Interest Rate: No Higher Than 5.25% * Loan Type: FHAThis agreement shall terminate without penalty to Buyer if Buyer is unable to obtain the loan described above and notifies seller in writing of this event within the Financing Contingency Period.

Do you have any tips for meeting people in the area or how to find real estate workshops and networking events?

I believe Brad will be at the local REIA event going on this weekend.I appreciate the responses.

If done right, he claims it is risk free...either the loan gets paid off or I take back the property (which is considered a "positive" event for the lender) .I'd like to get to know some private money guys so I can learn more about this.

Thank you everyone in advance once again, and hope to meet some of you in the next seminar event.

If the new guy is paying the mortgage (which I really doubt), the old owner is paying for the mortgage debt anyway and he made a bad deal.The QCD event is inferior to the mortgage, so it essentially didn't happen.