Of course most wont actually work out, but I then start clicking around and see how they look.After that I find a town that looks promising, and search the town name for rentals, to see what the going rates are.

Also, tenants can't later claim that they were promised this or that because they had a chance to write it down for the previous owner to sign on the estoppel.You should get rent roll, P&L, Balance Sheet for propertyWe sometimes never meet the owner, everything is through the agents.

One the the most common contractual consideration elements is mutual promises … “in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged…”A promises to pay B the amount of $X on Y date for the property commonly known as Z lot.

I promise we will answer that bell.

The problem is that FHA requires all parties to sign an addendum that states the seller either promises to many any repairs required by the appraiser or return your earnest money in full.

I've read a review that this lender backed out at the 11th hour - and if that happens we'd lose our earnest money.Purchase Price: $150,000Total Loan Amount: $126,000 (Includes $106K purchase and 20K holdback construction)Interest Escrow for 3 months: $3178.00Loan Processing/Application:" $2050 (Not sure what this fee is for)Broker Fee: $2520Loan Origination: $2835Title: $1325Interest Rate Promised: 9%So we'd come up with close to $57 K at settlement.We would hope to fix and rent it within 3 monthsThanks for the help!

As a landlord you add liability if you have a promise, overt or implied, that you are offering safety.  

I find Dayton to have some promising characteristics in a cheaper market with upside potential.

Ideally, you want someone who will under-promise and over-deliver.

Follow through as a promise is worth nothing.