You can always offer a higher % fee for the buying agent, along with a 1-5k bonus for an accepted offer by a certain date, maybe June 1....

I just cant use income that requires 2 year history such as: bonus, commissions, reimbursements, over time, etc etc (variable income).

Thanks Mike LaCavaI follow Robert Kiyosakis' idea that if you buy for cash flow, then it dosnt matter what the housing market dose. if it drops you still have cash flow coming in. if it increases, then that's just a bonus.

I should also be able to accelerate paying off the 401K loan in Nov with my annual bonus (not a guarantee but pretty darn close).What I'm wrestling with is, do I take the short term crunch on cash flow (anywhere from 6mos to 2 years) in order to get into this deal.

It is also clear that the owner of the house was disabled (wheelchair) and it appears they didn't enter or utilize the rest of the house.Bed 4/Bonus Room 9x9 (sheetrock, paint, carpet)Kitchen 2 7x12 (strip, remodel to a mudroom/other area)Stairs (refinish wood/paint, or carpet)Bedroom 3 and 4 12x12 (wallpaper removed, paint, carpet)Upstairs Hall (Paint, sheetrock)Bonus Room 2 (Cosmetics)Bonus Room 3 and 4 (Light Cosmetics)The kitchen is the first room, this is in need of purgo or hardwood flooring and a full overhaul.

Any realized appreciation would simply be viewed as a bonus, and I would plan on holding for a minimum of 5-10yrs (hopefully longer).Thanks for any and all advice, especially from anyone who has owned/rented out a condo before.Drew

I have a few properties, nothing larger than a duplex though, but at my initial anaylsis, I always estimate 10% vacancy, that way, I'm looking at a bonus at the end of the year rather than a loss (most of the banks I use assume 5-7.5% vacancy).

An added bonus is they have my carpet, tile and vinyl selections already picked.  

I decided to bonus him every quarter for every unit that did not have a vacancy.  

I own a cabinet company that handles a LOT of the bigger production builders in town, and while there is a slight summer bump, we run at a pretty even pace adjusted for growth with December actually also being one of the busiest months "builders trying to get their year end unit bonuses".Do you prefer building houses with empty lots in an existing new subdivision or on a regular street with a row of older houses??