I guess four if you count the basement. 

There are a cornicopia of things you can put in that contract... why guess at what they want when you can ask?

My guess is they had tons of letters coming in with offers.

I'm guessing they did or at least we are beyond that.

I guess buying a REO you have to assume the previous owner was an idiot unless there is evidence to the contrary.Although desirable, trying to "take back" the land would be petty and impractical, but I don't want this issue hanging over a future sale, or possibly being a liability issue for me. 

I was going to ask you what your experience with a jumbo loan was since I've only read about them, but it looks like they increased the jumbo loan amount to 647K recently so I guess you just fit into the new limit (nice). 

As for paying out commission splits, I guess we do it the old fashioned way.

Guess is they are only doing this with certain dollar amount properties as the understanding that they may not have the money to fight money nor want to, guessing they are not doing this with $50mm+ and up deals.  

I  ask questions over the phone ,then have them do a back ground if they look like a winner based on a verbal general info .I will do keep one more ready  but not filling out a whole app with personal info .I guess some people harvest money from apps  double triple the cost ?

So I guess in "theory" you could work a BRRRR on a duplex that you occupy but I might caution that it's probably not feasible at this current time.