It's easy to get excited walking into a freshly painted 4 bedroom house with new carpet when you have lived in an 2 bed apt for the last few yrs.

@Adam Roberts - I do sprays once a month for my apts in Cincinnati because we don't want any bed bugs.

Welcome to BPIts snowing in Dallas today, so we might all be frozen to death when you get here... but in all seriousness, Dallas is a great place to invest.

My guess is many professionals never saw these OR assumed they follow bed and breakfast rules (incorrectly).

If you are susceptible to that you better stay home in bed, because sadly it is rampant in our society.

I am working on the following deals with a buy and hold exit strat of 1-2 years:Deal One:REO (On Market Dec 07-offer fell through-Back on Market 12 Jan 08)2 Bed 1 bath w/ garage.17 AcresListed $189,900Comps /FMV around $190K-200K1 Year Hold Numbers$113,500 Purchase price ($190,000 * 65% for declining markets)$2270 (2% * $113,500 closing costs) $10,000 repairs $6720 Interest (6%) $468 Insurance ($39 mo w/ Earthquake cover *12)$1250 Taxes (113,500* .011) $1440 (Principal * 12)$15,200 Selling Costs 8% * ARV (6% for agents, 2% for other costs)$37,340 (Closing+Repairs+Holding+Interest+Insurance+Taxes+Selling)$150,840 Total Outlay (Purchase + Holding) $39,160 Profit (ARV-Total outlay) 2 Year Hold Numbers$113,500 Purchase price ($190,000 * 65% for declining markets - repairs)$2270 (2% * $113,500 closing costs) $10,000 repairs $13,440 Interest (6%) $936 Insurance ($39 mo w/ Earthquake cover *24)$2500 Taxes (113,500 * .011 for 1 year *2) $2880 (Principal * 24)$15,200 Selling Costs 8% * ARV (6% for agents, 2% for other costs)$47,226 (Closing + Repairs + Holding + Interest + Insurance + Taxes + Selling)$160,726 Total Outlay (Purchase + Holding) $29,274 Profit (ARV-Total outlay) I am planning to offer $113,500 working up to 120,000Does this look right?

Such as price, amt bed/bath, sq ft, and area.

It scans (flat bed or doc feeder), prints, copies legal size.

Beds/Baths,sq footage, age5.

If you structure the land contract for a period of time that is longer than their life expectancy, then the remaining capital gains will be wiped out upon their death and the contract transfers to the heirs.