There was one last night. 

@Suzanne Carden  highly unlikly this would work.. this is what brought down the RE market the last go around... no cash into the deal and phantom equity.. if your paying 1.2  thats what its worth.lenders will look at loan to cost on that high of value property

Its government stuff so sometimes they can be a pain on things, but I've never lost a deal once it was inked.They are moving way faster over there than they were last year, the ones priced right are getting gobbled up, you really don't have a week to ponder things if its a real deal. 

Meeting lasts about 4 hours with multiple speakers on different relevant topics. 

The last thing you want is increased vacancy due to pest problems.

In this case, you'll split a profit of about $39k or 9.6% of the ARV.Either way, I strongly suggest you learn how to evaluate a flip, including all expenses (which the BP spreadsheet misses), not overpay, and not try to borrow every last dime.

We don't presently have the loose financing and overbuilding that led to the last downturn.

Good luck on everything, I have been trying to get started here the last couple months in DFW, but everything is over priced and does not cash flow.

It's simply not fair to the seller for you to tie up the property for a month with no compensation if you back out last minute.The amount of money considered "fair" for earnest money depends on the area, the market, and the seller. 

Hi mark gallagarfrom my experience here in Florida and other investor friends buying and selling fnme properties for the last 10 years they are the most difficult to deal with.