The price was at one time $65k and reduce to $54k and now its at $38k my offer. i jump in and made an offer on this property which is a pre-construction home meaning about 60-65 percent completed.

We replaced hot water tank, walls, doors, vanities, fixtures, etc... 1b) Do I need to break down my pre-market expenses into the Schedule E categories or can I leave them in bulk under "supplies" and "services" like I currently have them?

Also, if I plan to invest some of my own money, and I want to get pre approved, are there separate pre-approval processes for buying an investment property (multifamily) vs a single family home?

., let the terms roll to month-to-month so you can feel them out as tenants before committing to them long-term.  

@Jay Hinrichs  I figure we will just have to roll with the punches.  

Are there any foundation companies out there that verify pipes are in working order AFTRR leveling , and will take responsibility if I have verified that pipes were good pre- leveling

Consider any due on sale clause filing an option.Owner occupied, have a mortgage originator qualify the buyer.Do not put contingencies in an option that require performance, like paying rents agreed, it will invalidate the option making it a purchase contract, an optionee may not be required to perform in any aspect under an option.The lease and option are separate contracts, the lease may require performance, like paying rents as agreed.A residential tenant may not be responsible for repairs, IRS requirements.On a 3 year option, it will be better if you were to pay $3,600 as seller concessions to closing costs, she must pay pre-paids under most mortgages.

We replace the lists with fresh data every 6 months and keep on rolling...But there are special groups like expired listings or tax liens or divorce that we might just hit once or twice near the event and not necessarily continue mailing to them.Also, think about how DIRECT MAIL fits into your larger marketing strategy - we also like OUTDOOR (billboards, bandits, etc.) and ONLINE (AdWords).  

If you want to be an active real estate investor and roll up your sleeves to acquire properties and rehab properties then that's great.On the other hand, if you enjoy investing passively with turnkey rental properties and that will help you fulfill your goals then stick with that.A big factor here is TIME.  

Feel free to send me a message and we can discuss further.Do you personally know of or could you put me in touch with investors/brokers that deal with pre-construction homes/condos?