you nearly eliminate the chance of the tenant deciding to misuse it.

So if one was to attempt terms like this (I had been thinking about it a lot lately) The best way to set it up with the lowest risk from what I'm reading in your post would be to make the offer assignable and put some money down say 10-20% to help eliminate the risk of being upside down right out of the gate?

How to eliminate 50% of your work in 48 hours using his principles...

With the short sales i workl, i have complete control thus eliminating the games people play.

Eliminate all agents who have been licensed less than 5 years.

I would say things that may cause a deal to be good or bad, should be eliminated from the list. i.e. comps, etc.

He has stated that his main objective is to assist me in eliminating my personal debt and get me into my own home w/in 5 years, sooner if possible, and that profits on his end are secondary to him (I know, amazing friend).

Most will "withdraw" the listing which doesn’t eliminate a commission earned if the seller sells you the property.That doesn’t mean that you cannot buy the house, it just means that the Broker has a right to collect a commission assuming they used an Exclusive Authorization and Right to Sell from the seller.There are basically 3 types of listing agreements two of which give the seller the ability to sell themselves without obligation to pay a commission...

I had a bank that I had been working with that offered rehab loans… Due to the mortgage mess that is going on, they have eliminated the program…Anyone able to broker loans to lenders that still offer rehab programs?

It should not matter but it does eliminate one variable from the equation.