One may come as a surprise: Southeast Austin, where value hunters apparently are striking gold.About 30 percent of the homes sold are closing for more than the list price, though the median price is just $197,000.

It's about choosing the right pangs and avoiding lasting migraines.  

I just bought another one this morning on DIG with a strike of 65 (currently 62).

Go to any UD court and watch the judge strike down LLs attempting to collect late fees from last year, or past due rents prior to the 3 day pay or quit.

You need to state the parties to the agreement, the legal description of the subject property, the purchase price or strike price as known in other options that is to be paid for the property, the consideration paid for the right to purchase (equitqble and legal consideration, not this ten dollar stuff if you want it to hold up) being the option price and the term of the option, it must have a date the option expires.

You could then go along on every phase of the project and learn those skills along side someone who is well versed to minimize your mistakes and make money in the meantime.Once you do this a few times, you could then use the knowledge, education, skill to put together your own team and fund your own deals to strike out on your own following the same established process.Another option might be you like the idea of a monthly paycheck, but don't want the hassle of tenants.  

One of the rounds ended up striking a little old lady in the rear-end (while she was resting in her armchair) on the 2nd level and my relative was on the 3rd level.Needless to say the landlord let my relative out of his lease in short order.This story is both (a) true and (b) nuts, but it can't be a unique experience.

Strike that. 

So the seller has two strikes against him, and unseasoned note and a note below the going rate.

It interests me as an alternative to straight rental management, especially if someone could provide the turnkeys to purchasers AND offer management services, that way a up-front larger profit could be produced on the property sale to investor, then ongoing cash from management services.However, one thing that strikes me as very odd is the way that turnkey real estate is priced.