honestly, your questions indicate you are NOT ready yet. you gotta read more. there are some really basic things you are not getting. also, it sounds like you don't have much money.flipping is...hard. even when property values aren't so massively appreciated like they are now. so much has to go right. you need to know your market very intimately, know your costs to a tee, and have plenty of time to coordinate trades.when people like yourself show interest in flipping in this area, it makes me worried that we are in a bubble....only difference from last time is that you very likely can't GET financing now.

When you do get a Property under contract, Look up on MLS or other sites all cash buyers who have bought around that property in last 6 months and send them a flyer or a postcard of you, your featured property and about your company.4.

Pat, last summer,  my wife and I bought the 4plex on Dowling on the other side of the creek from your store (right on the creek).

The memorandum (some use a letter of intent) approach is considered a "soft lease option" because the memorandum is generally a non-exclusive agreement that gives the seller the ability to walk away at any time if they choose to do so (even once you've spent all your time and energy finding a buyer and the seller decides to walk away at the last minute), but also gives you the ability to gain an assignable interest via the memorandum in a way that feels less scary to a seller (and generally you can structure the terms of the memorandum to have the rental payments begin the moment you assign, so you don't have to make payments while you're trying to find someone to assign to).You can also gain an assignable interest through a "hard lease option" that is exclusive between you and the seller, and will usually require you to start making payments at a specified date.

I went to the Oakland Summit last weekend and all speakers mentioned about bigger pockets, I hope to learn and make the connection to same minded people.

Topeka is slow for appreciation or depreciation so you could use "sold in the last 12 months".

There are a couple of units where the landlord pays the utilities (aka my parents) but when I walked by the property last week I noticed they have window air conditioning units.

They can also go back years looking for violations if they chose to do so, so the fines and penalties can mount up to staggering amounts.Over the last six years as this newsletter has preached the need for compliance, one of the most frequent questions has been, “How are they going to find me?”.

Rigo Medina Have you lived in the property for two out of the last five years?

Thanks to all for the advice.I am a former homeowner who sold my primary residence and went back to being a renter at the end of last year.