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.

I am new to investing but here is how it was explained to me.You are are okay giving a Seller an Option and Lease together, since you are not the one that will be living in the property, so the law won't apply, but you should NEVER give your Tenant/Buyer anything resembling an Option with a Lease, not even if for only 180 days.