They appreciate the fact that they are dealing with someone who is licensed, who is (in their eyes) held accountable for their actions, and who (in their eyes) knows what they are doing and will do things right.Of course, many agents are horrible (the barrier to entry is low in this field), but the majority of the buyers and sellers I deal with don't realize this and will give an agent the benefit of the doubt.

We planned to fund a back to back transaction for over $1M but the short sale approval letter from First Horizon MetLife came back that it must be held for 90 days before transferring title.

Jon & Bryan,Thank you again for your informative responses...Jon, my mistake regarding the note being held.

There will likely be signs for challengers who haave never held office - you sure the signs for such a candidate will belong to the government?

I've noticed that many of the properties that list brief financials on loopnet have terrible overhead/operating expense ratios.For example a huge 200-300 unit complex may have top line gross revenue of $2.7 mill but NOI of only $600k.Or a 50 unit complex with $350k top line gross revenue and only $60k NOI.Many variables go into this, I realize, and to truly find out you must do your due diligence on each specific property to see where the expenses are coming from.My question is this - given that utilities included/not included is held equal for each property, do most variances in expenses on apartments arise from either poor management and deffered maintenance/old buildings.This seems to be the two main variables.

If you lose a personal law suit, all of your assets held personally are at risk.

[/quote:Here is my take on this issue;Any property held to produce income is debt-financed property if at any time during the tax year there was acquisition indebtedness outstanding for the property.

If the contract fails to close, you may be held responsible under the default provisions.

Firts time homebuyers need to have their hand held, they ask mom and dad, you asks a friend to come look and inspect, then you end up selling to a committee (just a quick example).

If you're listing a property held by an investor and they need to dump it quick, your idea might be welcomed.