If you don't specifically layout each step in the process along with exceptions they will make the same stupid mistake over and over again.

The market is such that it is a sellers market in most areas, with the exception of the higher end locations (think isle of palms and kiawah).

I do a version of the same thing Chris is talking about except I contact an agent and get a list of all of the homes that have sold in the past 6 months that were either rentals or foreclosures.Trying to sift through every previous sale could be a nightmare in most markets.

We will pay everything for you except your mortgage payments. 

HUD WILL except far less than listing price. 

If they could pass a super easy test and criminal background check, they would be Realtors (with rare exceptions, of course).

Except now if it doesn't sell no harm no foul.

The great thing about high dollar properties are the margins are also large if you'll flip it, not so much for rentals except appreciation, which can defeat most cash flow numbers.

"Hot" is a relative term, and may mean: All real estate is going gangbusters - EXCEPT condos?...

@Danielle Spears You can open your own LLC, but it doesn't do anything for you except for accounting purposes.