Do you have a good agent who is responsive and can verify the ARV?

As far as dealing with this landlord, its probably too late for advice now, however - when dealing with landlords that seem non committal or a little flakey - its a good idea to verify what day the cleaning crew will be arriving and what they will be cleaning.

You are still verifying an investor's balance sheet though, right?

Also talked earlier today we should consider to write in a balloon pmt. after 3- 5 yrs , to make the new buyer refi out once they can qualify...that's our idea anyway, also to have attorney verify everything's good (right?

Then they would call the city to verify I did not need permits.

Matthew, may I suggest that you verify that your specific market is really not condusive to a flip strategy and if so, switch gears or move your target market to where it does work.

Every few days I go to the units and verify the repair and check that if a faucet was replaced, he put in a new faucet.

Requirements:PG: NoPaydex: NoRevolving account net 30, apply online, will check D&B number and verify business address.

I would first verify that they're actually buyers.

Here Are The List Of Steps And Documents That I Use:Check List Buying Real Estate With Lease Options.1.Optioned Property Information Worksheet, 2.Optionor/Seller's Property Disclosure Statement, 3.Standard Real Estate Lease Agreement, 4.Option To Purchase Real Estate Agreement, 5.Real Estate Optionor/Seller’s Affidavit, 6.Notice Of Real Estate Option Agreement, .Checklist Selling Real Estate With Lease OptionUse When You Are Optioning To Sell And You Are The Seller1.Have Each Applicant Complete “Application For Lease/Option†To Be Submitted With Reservation Check And Photo Copies Of Identification, Social Security Card, Pay Check Stub And Last Years W-2 Form. 2.Complete “Application Receipt Agreementâ€, 3.Confirm Information On Application And Pull Credit Report. 4.Verify Funds In Account And Deposit Reservation Money Check. 5.Prepare And Execute “Standard Real Estate Rental Agreement†6.“Move-In/Move-Out Inspection Report†7.Prepare And Execute “Real Estate Option Agreement†8.Mark Your Calendar For A Date Before Which The Option Must Be Exercised And Write A Letter Or Call To Remind Optionee/Buyer Of The Timing In Order To Insure That The Date Does Not Pass Unnoticed. 9.Upon The Receipt Of Buyer's “Notice Of Intent To Exercise Real Estate Option†Within The Time And In The Manner Allowed Under The “Real Estate Option Agreementâ€, Then; Prepare And Execute Standard Real Estate Purchase And Sale Agreementâ€10.Follow Standard Procedures For Closing The Sale. 11.If Extending Option Term, Prepare And Execute “Extension Of Option To Purchase Real Estate Agreementâ€Now those are some of the documents and steps that I would use.