@Barry Pekin The only instance I know of where this practice makes sense is when you are wholesaling an REO or a short sale and the deed restriction imposed by the bank prohibits wholesaling or re-selling the property for a predetermined period of time.

Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay the arrears to make loan current and pay mortgage going forwardHave a Lease Option Tenant with an annual lease that auto-renews (Option expires after 3 years)This rent covers the mortgage plus provides cashflowAfter 3 year term, Tenant purchases the property at a predetermined price minus downpayment (maybe a portion of rent goes to the principal?)

Plus I will get paid to do any repairs per hour and that amount will be predetermined.

@Ali Boone Just so I understand this model correctly:Your operator finds people to sell him properties subject to their existing mortgages and then finds an investor to finance the renovation (before transferring the property) and then after the renovation the operator places a tenant and then sells the property to investor at a predetermined price.

(I say this since it's your first flip and assume you haven't done business without a realtor before)Lots of people say they want things, but either can't afford it or change their minds when it comes time to pay up.Don't customize anything to buyer unless you have substantial non-refundable deposit.Timeline - sounds like a big remodel - timelines are hard to make work with a pre-determined buyer.Do you want a buyer walking through your job site all the time?

Some have a grace period then fees thereafter for a predetermined period.

Most require a down payment at time of winning bid, and then a predetermined set amount of time to pay the remaining balance. 

  - Put the fan on a timer switch so the fan can be set to run for a predetermined length of time (10, 20, 30, 60 minutes). 

Using real properties, you can proactively design a plan based on a series of steps using different markets and strategies for each set of steps,...all leading to accomplishing a predetermined set of financial goals. 

If you believe a company is strong enough to invest in, purchase shares at predetermined intervals over the next 2 or so months.