Thank you for your response, I just wanted to make sure b/c even though it's such a small detail, small details can sometimes have big effects, like the contract becoming void.Thank you, Van :superman:

:pup:I was re-reading this and something popped into my head.The accountant is in effect offering legal advice concerning liability.

Originally posted by "Wholesaler":Originally posted by "happylogan":Are the foreclosure sites scattered about the web an effective tool for an investor looking into that market?

There are plenty of effective methods of web advertising outside Google ads.

I may or may not be doing it correctly.Here is the info from the property:Financial Summary Proforma Year: 2007 Scheduled Gross Income: $89,100 Vacancy: $4,455 Effective Gross Income: $84,645 Maintenance: $8,800 Taxes: $8,015 Insurance: $3,500 Other Expenses: $5,925 Total Expenses: $26,240 Net Operating Income: $58,404 Debt Service: $49,500 Pre-Tax Cash Flow: $8,904 Expenses/Unit: $800.00 Unit Mix Information One-story units No.

Hopefully, you have some doc to that effect, or can generate something.

He skips from OH to FL, effectively abandoning the property and lease.

Some have very focused efforts so before a deal even passes by their desk it is effectively pre-screened.

Ok, here it is:My offer is 173k with 13K back at closing.Total Purchase Price $173,000Seller Concession $13,000 (roof repairs and closing costs/fees)Downpayment (15%) $25950Debt Service: $1330 per month Finance $147,000 x 9%= $1330Gross Rents: $2775 $400 (15% vacancy/rent loss)Effective Rent: $2370 Expenses $1100 (water, insurance, taxes, trash, grounds, misc.)Do I buy or pass?

Your writing style for ads can make a difference; your phone and/or in person presentation will have an effect.