Hi, I recently bod on property and DID NOT win the bid and someone else won and Reserve Met by them......Few days down the line they backout and company calld me and explain the situation to e as see they wantes to see if I'm still interested.I signed the physical papers, sent EM & proof....Meanwhile I found another deal and want to cancel out of this...Can I easily do that ?

@Login George Once a new investor gets familiar with running numbers on properties which becomes pretty easy after repeatedly going through the exercise of doing so, they begin to learn that the dealing with people part of the business is really the challenging part.Investors can find a million spreadsheets that will run numbers for them, but I do not know of a definitive handbook on how to deal with people. 

Just one thing, what if the buyer wants to go and physically see the property for himself on the inside but the seller lives elsewhere, maybe in another state or just a city far away?

Now, I will have to see if that is thirty days from them physically moving out or what was agreed upon on paper.

I have been intrigued by the idea for several years but have been in grad school (physical therapy and occupational therapy) for 4 years.

An exercise for the readers is to check your local areas over the past decade.

Haha, that is a good exercise for your kids to practice handwriting!

I have come to realize that I really need some key points and physical factors to base my decision off of.

Is there any reason to spend an extra $1000 on flooring when on paper the physical specifications for the two products are the same?

@Glenn Zhao  @James Wise  as James suggest its probably not PM its probably asset class some properties in the US just are not appropriate for out of area investors you need to be like Timothy Murphy III  those type of folks can make it work  ,,, you on the other hand get killed financially and maybe not too far off if the hoods are that bad it could be physical risk