Rental Agreement + Option to Purchase AgreementRental Agreement: a typical lease agreement with the total amount of rentOption to Purchase Agreement: this includes all the terms of the Lease Option such as Final Purchase Price, NROC (see below for more details), and how much of the rent will be credited back as rent credits (I typically charge above market rents and use that extra amount as rent credits).I have the Tenant-Buyer sign both of these docs and pay me the Non-Refundable Option Consideration (NROC).

They don't take care of themselves and when the toilet plugs up or the AC breaks or the roof leaks the PM will not be out there when the tenant starts screaming at you over the phone that they will not pay the rent until you get there at midnight on Sunday to fix the problem.

I don't use two docs.

And we have found water leaks and unauthorized swimming pools doing it this way too.

Primary is your primary.the duplex is a partnership nothing wrong with you guys simply taking title as Tenants in common as to a pro rata share ownership.. you each have to qualify and sign the loan docs...

That being said, if you're williing to persevere and the insulation has never gotten wet (roof leaks), it will still perform fine.  

For closing, the title company can do a mail or email out, where they send the closing docs via Fedex or email.

Don't do that.These people where horrible, not only crappy communication, telling me wrong dates and math errors on the closing docs; they did not record the deed, until I called them a month later and asked for a copy.

He said he would do it only after receiving the payments for all the docs and the "cleaning", staging that he had paid for.

Now that we have done some deals, I am not only getting charged 1 point + 12 % interest over a 3-4 month period.When I refinance - my commercial lender charges 1% on the loan along with around $600 in appraisal and doc fees.These bank fees + hard money add up and might be worth shopping.Are these pretty good rates from the lender and bank or can I do better?