Many lenders will not permit the Qualified Intermediary to hold/park title to the replacement property, so we would have to hold/park title to the relinquished property.

A lot of them apparently take advantage of new investors, so you really need to do extra due diligence when working with them.

But the people inquiring with me were either newbies or people just looking for a little extra cash flow.

Used to you could sue and also get extra damages and double dip but many contracts took that out to where you select one or the other meaning to sue or accept liquidated damages of a specified amount.Maybe start a little higher and then go down in what you will accept to go away for a contract termination fee etc.No legal advice

But MLS listed REO's and some of the auctions permit inspection periods.

I'm starting to think the extra $100 a month isn't worth the stress of waiting for rent towards the end of the month.What are your thoughts?

We bought 1 property for $15,000 and flipped it from top to bottom for a total investment of $43,000 We have also bought several in the price range you are looking at and been able to rent them with very little extra cost involved.

If you acquired all cash you would earn a higher return but if it's not possible to go in with no debt then the deal deserves extra scrutiny because your margin of safety would be thinner.

They will return the escrow once the inspection comes back clean.So, does that mean I have to get a licensed contractor to give me a bid for the entire list of city inspection report list of problems or do they just want certain items that would require a permit or a license to perform.

I also have to consider the extra time it takes to close, since I’m losing on opportunity cost.