There are many sites and tools but it is hard to find right one for u.

Alex, you only need one clause that says...Buyer has the right to inspect and approve prior to closing.This gives you the right to back out all the way up until closing.If you're making offers to realtors then "Diggs" is correct but if you're making offers to motivated sellers like you should be then it makes no difference.

You are so very correct.

Moreover, the real cost of this rental is $80K IF the $20K repair estimate is correct.

Michael, Fred is correct, educate yourself fully until you feel comfortable taking action.

You are correct that one of the best things about being a RE investor is that you have control (most of the time).

Is it correct that we/she won't get the benefit of deduction on real estate tax and mortgage interest payment because it is rental and her status, right?

I can't build the graphic in this box because I don't have drawing tools but think of a golden triangle ( no jokes you hippies and other Thailand tourists) The base is ETHICS one side is $$ and the other side is LAW.

We have some tools here for finding rents, but I find they tend to be a little high.

Well, I hope that you appreciate the changes and find many of the new tools/applications on the site to be helpful.The site has a lot to offer and hopefully you can navigate it.