I simply went through the last downturn.  

But the good news is you can “ know” and mitigate loss simply by being educated and understanding the The business .

You deduct the costs of the spec home when you sell the house and the profit is the sale price less the costs.

Looking for modular company/builder that can build me townhouse/multi-family (2-4 homes) to sell for profit and develop strong working relationship. 

Pay yourself back, roll the profits into the next one.

Also, for future reference, when I receive business cards from investors, should I just simply ask them if they would like to be on my cash buyers list? 

I was thinking that I could purchase the home and do NOTHING to it and simply collect rent.

This is a no brainer, the numbers simply do not work.

.#2 Educate Yourself with a View Toward ActionEducate yourself toward profitably investing in real estate, or else your education will turn into a hobby.Attending seminars, buying books, and watching videos can help.

Can using lease options be profitable?