Matt, I don't have enough fingers to count the amount of times you cme into a thread and post your thoughts in an exact contrast and then spill off how lease options are the best way to go.I believe Scott said it best, take off your agent hat and start thinking like an investor!

Ryan...Congratulations... a profit and valuable lessons learned... how can you not count that as a huge success.There are a lot of investors who have learned that the street is not a foregiving or inexpensive teacher.You did good!

When you count his cost of checking out the 300 properties or so to find 100 to bid on, his real acquisition cost is probably close to 80% of ARV.

You might on occasion hit a home run like I did but I wouldn't count on it happening too often.

Now that I have decided to go down this road, I want to know I can count on a deal going through when push comes to shove.

If you are counting on your memory to serve you, you might have some issues.

Page 35 gets scary, it lists the charges against the owner, in all he was convicted on 10 counts of things like RICO, Money Laundering, cocaine trafficking.

Does it still count as doing business with them if they're losing 90% of their principal while unloading a property to me?

Counting that cost will go a very long way towards success.

Probably a dozen if you count cosmetic only rehabs.