They are investing their time into helping you find a deal and they need assurance that you will allow them to close on the deal on your behalf in order to earn the commission.

And you can rest assured knowing that your former tenant wont be looking to exact revenge cause you did what you had to do without being a dick about it. 

Peter - I do not know you or the company you are dealing with since you have not identified them, but after having spent years in this particular niche, I can assure you with a high level of confidence that this is not a "one time just me incident".  

Numerous homes were given away for $1.http://money.cnn.com/2013/08/20/real_estate/dollar-homes/index.htmlYou will obviously have solid positive cash flow on those homes in the short term, but the area is D-class, and when the tenant moves out you will almost assuredly have significant damage that needs to be repaired.

Is it true that lenders will allow you to count rental income as long as you purchase "income assurance insurance" (say that 3 times fast)?

Have your room mate pay the full rent to the landlord and assure the landlord that she is 100% responsible for paying monthly.

Is there a new contract put together that assures me that I get that 15,000 or how does the closing work and wholesaler get paid?

In the mean time, rest assured I will be looking for alternatives.

i bought a house thru them on line here a couple of months ago. almost instantly, they were sending me emails about how i had 24 hours to sign the contract or they would re-list the house. they hadn't even sent me the contract to sign yet. next, they send me a threatening email that i would have to sign their contract immediately or the would re-list the house. i sent back an email informing them that i needed them to send the contract for me to sign. i finally got that, signed it and faxed it back to them. they told me that they got only half of the document, so i had my agent send it back again. they informed us that they got only half of it again and threatened to re-list the property again. i called them, only to find out very few people there can speak english and those that could, couldn't speak it very well. after several heated phone conversations and emails, i finally had to get my attorney to call their attorney to get an extension on yet another contract they needed me to sign that they failed to send to either me or my attorney. after that, their attorney kept sending me information when they were specifically required to contact only my attorney.finally, i got the proper contract, signed it, sent in a cashiers check for the requested deposit, and assured myself, my partner and my attorney that everything has been completed. now we are awaiting a closing date. after a couple of weeks goes by, i notice that hubzu.com has, in fact, re-listed the house on their website again!!!! 

My agent assured me that flood insurance would only be about $30 a month even if it couldn't get moved, so I went ahead and shelled out the $700 for these reports.