However, if you as a buyer are not able to perform on the said closing date, they will charge you a fee of $200 per day( clause 5j) for every extended day.Also, clause 4 of the addendum states that you will have to pay the closing costs between Owner of Record and NWA.

@Doug Phillips you wanted to know the tenant's ability to build credit not ability to pay? 

I'm not able to give legal or tax advice, but I've never had people loan me individually money as they have always lent my LLC.Good Luck.Gary

Go a day ahead of the exterminator with a giant box of thick 50 gallon contractor trash bags and make sure the tenants but everything in plastic boxes or double tied up trash bags (be careful when you get back home).

@Mike Hibbs I did not end up buying a condo due to the condos in Innisbrook being classified as a condo-tel meaning I was not able to get a conventional loan and leaders I talked with required 30% down on them and at an 5 or 7 arm.

I have speech issues so I'm not able to develop connections.

I moved to Oviedo FL 3 months ago from the beautiful island of Puerto Rico.Last year my wife and I took a course in PR with The Flipping Formula guys and that blew our minds off.. we both think we would enjoy this.We were not able to pay additional education with them and tried making this work, but I found my self confused a lot and they had some really cool tool to help find good leads, but that think work for PR and after spending all my savings which wasn't much I decided to hold for a bit until I had better guidance and some savings.last summer I came to Orlando and took the Real Estate Associate class and passed it and got that ready.

Even if the second and third investments were similar type deals, it could eventually allow me to step up into newer larger single or multi family properties.That is, of course, contingent on not discovering some giant issue with either the structure itself, something in the property records, or other reason that these numbers are in fact too good to be true.  

I'm not able to find anything in the 2% realm, but I also am not a wholesaler or use wholesaler techniques; advertising, sending out letters, etc.  

I imagine this involves several variables, most notably zoning.Are potential deals like this worth it?