Yes, all payments in option money is subtracted from the future purchase price, not towards the down payment.You would spell out all the funds in a letter of intent to the seller, and give the tenant buyer a receipt describing what is 1st and last months rent, what is non refundable option money, etc.The piece that is imperative is a good Credit FICO coach.

Justin, we like Phenix Title (not a spelling error), there is a link on my Black Diamond page (see signature) under resources.

Still if you want to go with a PM definitely read their contract and have them give you a list which spells out all their fees in advance.

Maybe you can spell out expenses and gross income so we can gauge the true value of your Net that will help with more input on what to work on for your next acquisition.

While I have simplified all of this in this short post Ron Legrands 10 or 12 cd on the matter of wholesaling spells it out in details.

I think you should carefully spell out the terms, run a amortization schedule and make sure you are both on the same page.

Perhaps you shouldn't use the word "fixture", as appliances and other "personal property" are where misunderstandings can occur, if not spelled out.

The remedies for past due taxes are already spelled out in the muni codes (fees and redemption and public sale, etc.).

Go to an annual lease with penalties spelled out for failure to keep current with the water bill?...

Many are getting their tax refunds back now which spells and easy down payment.