Absolutely No Contract But My Own

[Tershant Rhodes]

I'm fairly new here and have a few questions for any fellow investors who have experienced situations with using their own contracts.

First off, I would like to know what to do when talking to a seller. Should I let the seller know that I'm an investor or what and that I'm actually in the business of purchasing their house not to move in but for investment purposes only?

Secondly, how do I advise the seller that I'm only interested in using my purchase and sales contract or lease option agreement?

What if the seller objects? How should it be handled?

What is a reasonable earnest money or option fee?

What is the "right to assign clause" and how is it to be worded in contract? The same for the "right to extend."

Curious questions. Maybe someone can help me here.

Thanks