I cut my teeth in the commercial/residential development and management area.

So, this is where I'm going to cut my teeth.

The tricky part is that I'm located out of town right now and need a third party to arrange the signing of the agreement and the handing over of the deposit.My bank's notary has agreed to do all this but the tenant says he has no valid ID whatsoever (even his international driver's license is suddenly expired).

Andy, never heard of a 'probate sale' as probate is just a formality here as well (often with no 'court date' whatsoever).

I dont have any rehabbing experience whatsoever.

If you think about it credit cards (unsecured debt) offer the least amount of risk because they really have the weakest teeth.

After I have cut my teeth learning the business from a partner, I plan to start eyeing properties to accumulate.

Ken,I am sure you ask a government official to come and speak, and it would put more teeth into the new laws when someone from the government is there to answer questions.Joe Gore

The property itself is immaculate and needs no work whatsoever.

These have many problems and usually don't end well.A land contract or contract for deed is an installment purchase that has accepted teeth for a buyer conveying more of the bundle of rights of an owner,including the right to sell.Seller financing usually means a note and deed of trust where title is conveyed to the buyer, the seller simply acts as the bank and finances amounts of equity.A sub-2 and Wrap are seller financed transactions where the seller finances equity but the buyer also assumes the payments of an existing mortgage as well.