Because I am new at this, concepts that may be simple and common to the experienced investor are quite complicated for me, so I decided to ask clarifying questions to aide my understanding.

After all, it isn't the concept...it all comes down to the plan.

Alternatively, do some here have success with the concept of the Deposit being a Promissory Note instead of cash (payable if/when closing)? 

The key isn't just to have on, the keys are to understand the difference between a plan and a concept, and then how to build it.You start by using reverse engineering, and with a need/opportunity.  

@Joe Villeneuve   Although I agree with you statement as a basic concept.

Owner finance is a very interesting concept to me.

I just cannot buy into the "added value" concept J.Scott works in other states but I buy into Al Williamson (show #8) where getting involved in neighborhoods and making your presence known can make a difference.

@Luke Carl, I love the Profit First concept.

@Joseph AkingbadeI love the concept of BRRRR I'm hoping to find a mentor or partner investor to learn how to execute that method properly.

@Edward T ArtisHow long did it take to prepare to my such an investment?