The standard Texas contract (the TREC contract) has a paragraph for an option period which requires an option fee to be paid.

I stand to save a lot , not only on interest, but also on fees, insurance, etc. that the mortgagor was charging the person from whom I bought the property.Thanks for any help.Mike MitchellLubbock, TXINCREASE CAPITAL

I guess if you really wanted to, you could pay them a title search fee, which is normally $50-$100.

Operating expenses also include management (whether you do it or not), maintenance, advertising, vacancy allowance, office supplies, legal fees, evictions, court costs, utilities paid by the owner, lawsuits, fuel for your vehicle (going to and from you rental), damage caused by tenants in excess of the security deposit, etc, etc, etc.

I'll pay the marshall, or filing fees, not my tenants - EVER.Start the eviction process immediately, get them out asap, and if they still owe, sue them in small claims for the difference.

Negotiate or agree to any commission split or referral fee on behalf of a licensee.

Someone who's motivation is to see you succeednot to collect a mentor fee.

Operating expenses include taxes, insurance, management (even if you do it), maintenance, vacancies, utilities paid by the owner, advertising, legal fees, damage done by the tenants, evictions, lawsuits, office expenses, court costs, setout fees, etc, etc, etc.

any hidden dangers or downsides to signing one ?

you don't want to buy the properties - you want to put them under contract and assign them to buyers for a fee.