@Glenn BanksIf you are correct he states you can do -0-% interest payback, you are creating a bogus loan, imputed interest, and an easy wall to defeat in any court of law. 

It sort of defeats the purpose of offering it as-is if you give the buyer an escape clause if they don't want to take the property as-is.

Like has been said, it kinda defeats the purpose and is a shady practice if you don't have the intention of them being able to use the funds, though.

This defeats the whole purpose of why I purchased this if I'm unable to sell it unless I find a buyer with conventional financing other than folks with FHA loans.

I also have never heard of only being allowed to bid once, it sounds like it defeats the purpose of an auction. 

The best lists are generated by you via research ... the whole idea of finding off market deals is to eliminate your competition, so if everyone is already mailing or knocking on those same doors it defeats the purpose.

If you set it up for "first come, first serve" you will create a cattle call that defeats your goal.

Any scheme, plan, Pre-nup, contract or agreement you can come up with has already been defeated by a lawyer.

At 50% expenses, that gets you to a 10% cap rate.Even unleveraged, with token appreciation of 3%, real estate handily defeats stocks.

I don't know anybody I can trust to work by the hour for me without me standing there with them-which would defeat the purpose.I can flip this thing for 6000 now and try to find another deal while I look on weekends and evenings competing against full time investors (its taken me a year to find this one), or I can maximize this deal and make 3600 a year (using 50% rule) on it every year forever or until I decide to flip it for 6000....or more.The fact that there is no mortgage is a huge plus for me to hold the property.