The thing that kills me is that alot of what done in real life REI doesnt really resemble whats in these GURU books and CD's.

As for the first option of the forced sale, the property will be sold by a third party at an auction (probably resembling something to a sheriff's sale or foreclosure auction).

Never noticed the resemblance, but, there is one.

Reagan was the last thing we had that even resembled a Republican.

Is there any coincidence to his resemblance to Chuck Norris?

Hey don't trust a REALTOR....I resemble that remark!

The bottom line (applies to NC and may apply to other states, you need to check) is brokers will not work with you on deals where your fee resembles a commission. http://www.ncga.state.nc.us/EnactedLegislation/Statutes/HTML/BySection/Chapter_93A/GS_93A-2.html NC broker definitionhttp://howtowholesalemls.blogspot.com/2009/09/magic-of-instant-equity-exchange.html instant equity exchange as I know ithttp://www.ncrec.gov/bulletin/vol15-2bulletin/sharing_brokerage_fees_with_buye.htm licensed brokers cannot compensate the unlicensed

(2) When having a lawyer draft the contract (which I assume resembles a mortgage), what are questions I should be asking?

The challenge is that there hasn't been anything resembling strong appreciation over the past few years.

That doesn't really make any sense to me (not saying it's not true, just that it's very weird)...An assigned contract doesn't result in anything that even resembles a second transfer of title.