As someone who wasn't even sure about what real estate investing was about at the time, I had no less than 30 people just throw their business cards at me, barely even giving me their name or leaving a good impression.Furthermore, after paying $30 to get in, there was a speaker for an hour and at the end it was a sales pitch to get us all to buy their $1200 Business in a box.I have a friend who keeps forwarding me the CTREIA event invites because he wants to start going, but my time and money is way too valuable to spend on a sales pitch.Can anyone shed some light on the actual benefits of joining a local REIA?

Leave the debt in place, give some of the equity to the seller to walk, take over the debt.  

There is no one size fits all, and you'll likely leave hundreds if not thousands of dollars on the table if you do not consult an attorney.

I am in total agreement that you did the right thing asking him to leave.

The main this is to always leave the buyer (yourself) an out!

We realize that house hacking is a good way to get started, but have struggled with leaving downtown as we like it so much.Due to a series of related events, we decided to that we should at least look at areas we like to frequent (Ohio City, Tremont and Detroit Shoreway)(these are neighborhoods the border downtown Cleveland for those not familiar. 

With our permanent financing, we would be able to get a loan for 172.5k, leaving very little cash in the deal.I am actively searching for my next lot.  

The agent is dragging his feet so we are leaving the offer in, but looking elsewhere.

If the occupants didn't leave voluntarily after being served with a legal notice to vacate, we could then proceed through the normal eviction process for our jurisdiction.

Any financing in your model would need to be non-recourse, which is going to be more like $40-50K that you could pull out.  90% of that would go to you and 10% of that would go to the IRA - you can't choose to leave the IRA in the deal and cash yourself out.If the IRA is involved, you cannot rehab the house personally and would need to hire that work out.The use of debt-financing with an IRA introduces a tax known as UDFI, which will not add up to much, but is something an investor would want to understand if they pursue a strategy such as this.So could you embark on a strategy in this vein and generate good return for your IRA?