I just never used an attorney since there isn't a need as you explained.  

I've read some conflicting information regarding capital gains tax. Is capital gains tax tiered? Here is a simple example:Let's say ordinary income is 10k for a single person. The 10 to 15 percent tax bracket threshol...

Confused we asked why and he explained that even though the other offer was for cash that the seller really didn't want to deal with the hassle of the piano or other junk and decided it was worth our financed offer.To sum this all up it isn't always about the money but rather the other services one can offer......

I believe you can make what looks like a non-cash flow property work if when making the offer you insist on your terms, terms that will satisfy your investment objective.

Hi @Christopher Vargas.I have no real estate background but I do have a sales background and constantly get objections when presenting my products/services to clients all the time.In this case, personally I think you need to demonstrate what your value is as a wholeseller and what the benefit is for the seller.Value/Benefit: You help people to sell properties fast and help them get rid of problem properties they don't want to have, and you have a solid list of real estate buyers who will be ready to buy that property almost immediately. 

You may explain your goals if you want to share more information.My One Year Goals:1.

You need to explain that they can get what they want for their property if they are willing to spend 30k in rehab cost and pay 6% to an agent to sell the property.  

All the other houses with water issues can be explained by poor grading.

I should have explained my question better - my dilemma was more about how much rent to charge the tenant.

I personally focus just outside of the hyped up HOT areas; I'm in it for the long run and can make money without chasing the shinny object/area of the minute.