I see they promote world wide networking or something like that, but their website content is my second check on unknown companies.

This deal seems to be very complicated (lots of variables and unknowns.)3. 

There is a lot of unknowns and code issues.  

With the foreclosure your at $49k purchase + $40 renovation =$89k for a ARV of $120k and rental income of $14,400 (based on $1,200 /month) = cap rate of 16% and you also have the unknown of renovations and problems that could arise.  

I used a broker to find me an investment property in South FL. He found me a foreclosure through Homepath and I purchased it with the intent to do work on it. It had violations and failed the 40 year cert, along with ...

The purchaser waives all rights and claims against the Substitute Trustees whether known or unknown.

Fear of the unknown for sure!

You would be hard pressed to find properties in the 60 sq ft range which  are in your own backyard There is nothing like mining your own neighborhood and investing for both cash flow and appreciation Study you local market and I be you will find both types of properties that would be much less of a gamble then venturing into the unknown 

There are a lot of unknown variables to give specific comments on your contract.

I would think a regular owner occupant would run from such a thing because of the unknown.