I was reading the REIN blog on AFS agreements and the potential uses for them. Essentially, they would be more likely benefit the investor if there is already a plan in place for said property, such as an RTO agreement, or wholesaling the property that is now currently under contract. I am wondering if this could fit my strategy of buying and holding onto property for cash flow (besides RTO). It appears this would be worth the time if there is some immediate equity in the deal, or why go through all of this work to attract and locate these sellers? That being said, if there is equity already, then they probably wouldn't be in a predicament to begin with, unless I can just save them a few bucks in commissions and what not. So with my strategy, I would target folks who are just trying to save on commissions and penalty money? Is there something else I am missing? Also, as far as being able to finance the property when the AFS comes due, I will still have to go through the traditional process of obtaining bank financing of 20%, so I should not get into a deal that comes due in a years time if I am unsure if I cannot come up with the money (if I want to hold it). This leads me back to my original strategy of regular Buy and hold locating motivated sellers essentially. So it only makes sense when a) There is some OK equity (help with trying to finance future payment or sale to other buyer for 2nd exit strategy) and b) If I am confident I can save the funds to supply the down payment upon the end of the AFS. Lastly, I see other investors advertise that they will buy property in any condition in any location with an offer within 24 hours. This seems like quite the claim, how would this be a wise strategy without inspections and time to do proper diligence? Is this where the deal ready documents comes into play? Is that more a claim for marketing purposes? I don't see how buying a house that needs a tonne of work is a good strategy. This is where a clause would come in but it sounds as though these deals are purchased in cash the next day no questions asked. How does this work?