(with luck favoring the prepared?

Screwing around with real estate contracts is serious, an owner may act in a reasonable manner to prepare for a sale, they may move furniture to storage, they may rely on your contract to enter into another purchase, spend and deposit money, they may lease a place.

Also, be prepared to charge for damages as they occur, as it is easier to collect at that point. 

It truely has been a blessing for those poised to take action and for those entering the game late and with little preparation such as myself.

None of us can lose sight of the fact that millions of Americans simply don't understand all the fine print of their mortgages and this, in many respects, is at the heart of today's mortgage crisis," Brian Montgomery, HUD's Assistant Secretary of Housing, Federal Housing Commissioner, said in a prepared statement.It's all about clarifying the "fine print" and making the disclosures easier to understand.

I said if she would prepare and bring over a non-disclosure/non-compete, or however she wanted to set it up that we could go any day this week.Here it is Friday and no call back, I left a message but don't expect to hear back.

Very interesting article and a good reminder that we MUST be prepared to defend ourselves.

I did this with seven years of preparation, maybe waited too long but for me stability and a solid foundation was key.

Are you prepared to self manage the property?

Do some reading to educate yourself on what to expect, build a good lease and a strong set of rules, then be prepared to enforce them.