It is definitely important to be clear that YOU are in charge of the deal @ @Markeilsha Rodriguez , it's my understanding that the same guy pulled a variation on the same thing a few years back, which makes me think it's probably been ongoing.

I don't worry about variations that might need to be handled if I'm trying to create a general spreadsheet.

I've seen so many different variations of this process.Can the Investor get the Seller to sign an Option to Lease Option, then you would have equitable-interest.

Of course there are variations that could go either way and make your actual results better or worse than want you might forecast.Actually, share secured loans are available.

Try "Mytown Mystate real estate investor" and other variations.

There are variations on this from state to state.

If they accept one of the offers or a variation of them (also tracked for closing ratio) I could even have the contract auto-filled from the form data and they could sign the contract with a real signature in electronic format using a stylus on the iPad and i could then email the contract directly to the closing attorney.I'd like it to be on an iPad/Android tablet PC so i can always have it with me, similar to my paper notebook, without having to haul out the laptop every time i need a document.

James you appear to have crunched the numbers fairly well however when you take into account the slight variation proposed by Joel your cash flow is significantly degraded.

Probably because the heated and cooled sq ft didn't match up.The appraiser has to explain away any variation in their report.If you are nice with the inspector they will try to help and understand you are in a bad situation.If you unload on them because you were duped by the seller then they will throw the book at you.Think of this.Everyday they get people mad at them.When you come along and appreciate what they do and are nice it goes a really long way.Even if they are nasty to you be nice.They might have had a bad day and they will feel guilty later on and want to help you.I always try to live by my dad's saying.He told me to try to always "be nice and you will usually get more results with honey than vinegar".

The basics are really the same but there are a few variations on how to start.Some say, find buyers first, others say the buyers will be there when you get a deal.I would say work hard to find the best "deal" and the buyers will find you.