Now I'm not saying to vocalize to the contractor that its okay to take the day of because you extended his schedule but mentally for yourself just prepare for the worst.

My main concern is that I think the 6% is really a promotional rate.

v=Fh9S1nMAUEMAdditional Open House promotional videos:https://www.youtube.com/watch?

It is possible to get deals that way, but I find very often the owners are still anchored mentally around their previous listing price.That's why it's much easier to convert an expired listing into a new listing (for yourself) than to get them to come down so much it makes it a workable deal for an investor (usually they would have to come down at least 60-100K minimum for the #s to work for an investor instead of an owner-occupant).Still, I think it's worth a shot, and you'll definitely learn a few things that way.You should consider discussing it with your broker however, as s/he may have thoughts on what you're doing, especially the "cut of the deal" part.

If you have clicked on this post, you have possibly experienced some of the confusion I have and maybe worked through it or had a coach.  First alittle back story.I'm 28 years old investor in Georgia currently looking...

In just a few weeks I have made a ton of mental notes on what to look for in older homes for the next one.

Since then I became really engaged in my work getting several promotions and have recently completed my Masters but the only thing that holds my interest lately is real estate.

So @Sterling WhiteDid this video on why he walked away from a 118 unit complex that found it's way into my promotional mail folder At the end of the video I was very confused as I didn't find the tips worth while - When I have walk throughs for multi family buildings if there are deferred maintenance or gross neglect then all of those things would get identified and other specialists would be brought to bear with the general understanding that the initial offer price will be reduced.- I thought that with a 100+ unit building the key buying principals thing is location, proximity to job centers, unit mix, and access to mass transit. - Beyond that you want to ensure that you can stay as close to 95% or whatever the variance is occupied.  

Not only with how to work effectively within the law, but also about tenant mentality. 

Those bonus miles are usually less...all credit cards do this i.e they run a promotion once or 2x a year and increase the sign up bonus significantly.