@Wayne Brooks Yes, a survey would disclose this as well... although I wouldn't call that a title defect per se unless the buildings already encroached on the easement.  

They're not lying about anything per se, but they rarely discuss the past performance of most markets in a downturn.

Problem with this is you don't have any money so this isn't a deal per se, for you, but once you get some money you should try to put together deals like this.Now, back to your problem; If the house sells at $125K, after he pays off the 1st, pays back the parents, and pays closing costs and commissions (8%?)

I think he was confused in that it is "rent to own" that has been replaced by lease option, not seller financing per se.

You have to meet the agent, the property manager, the renovation crews and se for yourself the entire operation. 

SE Michigan.

If he's not a Realtor, but an agent/broker he has no co-brokerage requirement per se, it needs to be negotiated.

Like someone for the NW side and someone for the SE side.

He who has the gold makes the rules, and the banks and insurance companies have all of the gold...If Daniel followed your advice he would not be breaking law - per se, but he would be violating a couple of clauses which opens him and his partners up to liability. 

Heideman : http://www.positionrealty.com/pdfdocs/Insider_Guid...Another from Dawn Rickabaugh : http://notequeen.com/wp-content/uploads/2010/07/se...From By Attorney William Bronchick : http://legalwiz.com/wp-content/uploads/bsk-files-m...From the buyer side of things, seller financing is rather simple.