When you visit these open houses, introduce yourself and hand the agent a business card (yes you must get cards) .

I'd probably interpret that to mean that a broker CANNOT legally create a full purchase-and-sale agreement without violating that ruling (just my interpretation).BUT, the court also went on to say the following:"A real estate broker may readily protect himself from a charge of unlawful practice of law by inserting in the document that it is subject to the approval of the respective attorneys for the parties."

When I was younger I wasn't much of a planner, I can be impulsive and I'm willing to accept risk quickly, a "Charge ahead!"

@Steve BabiakIm going to be charging a 5k consultants fee.

. $200, as I will charge late fees.

Another strategy is to have enough cash to make the acquisition of the property and then use credit cards or personal lines of credit to fund the rehab.First lets concetrate on your short term needs...You need to finsih that house and get that HELOC sqaured away so you don't siphon funds away from it for personal use.

We won't even charge you a management fee on that money."

There was an instance before of one investor I knew who bought a house at auction.When the city annexed the area years ago houses had the option of connected to the street sewer and the city did it but it costs many thousands of dollars.This particular property owner connected to the street themselves without telling the city.So the new owner buys it and city wants to impose unknown usage charges and fines for years of illegal hook up.The property was having bathtub and drain issues and at first the new buyer couldn't figure out what was going on.The previous owner didn't also decommission the old sewage tank properly.The city worked with them to refix the line but they still had to pay reduced fines etc.

For damage such as broken slats, we typically replace the unit and charge the tenant.

If you ask an experienced Realtor they'll do all the work for you, free of charge.