@David Franza I think we got sidetracked..but...here's the deal..You are looking to do a SLO (sandwich lease option) where you get XX down and you are cash flowing XX per month.Since there is little to no equity, a SLO is not your best bet.I personally would prefer a a CA, or assignment, depending on the actual numbers.Keep in mind, with a SLO, you are looking for a spread.Now, it sounds like you are anticipating appreciation in the next 5 years, which makes sense.You can do a SLO, and anticipate about 5% down or so.We get about 3.5%.I would assume that different areas and states the amount down can vary, as I've seen it, but we get about 3.5% down ish.Despite what you may think and hope, in many areas, trying to get 10% down only makes a house sit vacant for 6 months.If someone has 10% down, they normally want title.

Don't get side tracked by Courts of Chancery, limited states, throughout the US the court of law and equity can go hand in hand today.So, you're trying to sue for 10K bucks from losses in your contract that that you gave $10 for where the seller failed to sell, is that right Mr.

Lot of great points being made here, especially like how side tracked this thread got with the debate of caging A/C units :) @Jake Kucheck 1) I wouldn’t be surprised.

I would wait until you have a few deals under your belt and know that you want to grow your investing business before getting side tracked with the time and expense to get (and keep) your license.

We have gotten sidetracked on the laws in our own states which probably do not help you much.

But, whether you agree with it or not, understanding Keynesian economics will give you the framework for how modern economics tends to think -- even if they don't agree with it.Not to sidetrack too much, but I liken Keynesian economics to Newtonian physics.

I think it's great that a PDF has hyperlinks to real-time blog and forum pages - makes it easy to get sidetracked though.

Sorry for sidetracking your thread Anne. :)

I was going to wholesale in NJ but I got sidetracked.

I have had some life setbacks, major life disasters that have sidetracked my progress but I never gave up and will continue to follow my real estate vision until I finally join the other successful investors I have met.