Jason: putting the short sale aside, a properly executed option contract is binding and cause a title defect.

You might need them for work in the future, position you for contract/consulting work should you want to do some of this, and middle age-to-older executives could be a deep well of potential private money for you.

Another issue is drug usage, sale or manufacturing are sufficient grounds for an automatic termination, in fact here, it's an immediate set out but the landlord will need to prove it.You do have the right to enter for repairs, treading lightly on the tenants right to quiet enjoyment, but things can be miserable to the point of a tenant wanting to break a lease too.The story of an Executive Director of a housing authority property is true, where he removed the front door to make repairs to it and the tenant left.

After the contract was executed, he calls us directly and tells us he is willing to pay $30k if we will owner finance it for a year.

If you execute the option then the property will begin to close as a normal transaction on a re-sale.

If you are buying a free and clear property, and she is carrying the financing, you would execute a note, secured by a deed of trust, which would be recorded.

Then c is asked into the closing room and the docs for that seperate transaction are executed and closed.

I found out who the CEO's (as well as several top level executives) were and composed an email.Since BOTH lates only happened once (and I pay most of my Credit Cards via my banking account, weekly), they were removed.The email was lengthy and mostly filler (i.e. let me start out by saying I think your store/company is great, yada yada yada).

Agreed with Hunter...It's not uncommon for the REO addendum to state specifically that the funding choice can NOT be changed once the contract is executed.

Finding yourself in the middle and then wondering what to do shows poor planning and execution.