I was told Latchel would negotiate with vendors to ensure fair pricing.

All other 2 beds in the neighborhood are renting for 1200+ so I know it's a fair price.  

Is this fair and also, have you ever experienced this grease issue? 

With my 2 bed I get a fair amount of advanced bookings but nothing like the 5 bedroom. 

I know there are some people out there who do this and put an assignment in place to be recorded if the loan defaults.As with so many things in REI, there are multiple ways to skin the cat, and it has a lot to do with your level of risk and your partial investor's level of risk.I do teach a 4 hour live class on this. 

Overall, I'd say this is a fairly normal deal.

My desire would be to tender a contract to purchase the property, pay off their loan while ensuring the owner receives fair compensation and I receive the house.

What is oaklands 'base year' for determining a 'fair return' under rent control?

If you’re doing multiple flips each year, you should be able to find one who offers a fair fee while ensuring your interests are protected.

So I require skin in the game (average is 5% to 15%) to offset this.