I don't have to find a deal to put food on the table and I can patiently wait for the proverbial fat pitch.

I had one young guy, like twenty something trying to convince me of reality, legal aspects, ethical issues and had no clue as to how owners get in a bind holding properties off the market, the gurus don't mention that aspect so they just don't know.

It is simply notice of a binding contract, no need to reveal price.  

This is the only house I ever found porn in and it was all this fat girl porn.

You have to have the time to train correctly, absolutely have the education to understand nutrition, and definitely have to be motivated or you'll give up and stay fat.

The Trustee shall have no power to bind the Beneficiaries personally and, in every written contract he may enter into, reference shall be made to this declaration; and any person or corporation contracting with the Trustee, as well as any beneficiary, shall look to the funds and the Trust Property for payment under such contract, or for the payment of any debt, mortgage, judgment, or decree, or for any money that may otherwise become due or payable, whether by reason or failure of the Trustee to perform the contract, or for any other reason, and neither the Trustee nor the Beneficiaries shall be liable personally therefor.13.

This is typically true even if you say you will offer the agent a commission, as most agents don't want to deal with negotiating the commission in advance and signing a commission agreement without knowing if their buyer is even interested - that's the good thing about the flat fee MLS listing, as there is a binding commission offer stated in the MLS.N.A.R. statistics will show that FSBO is at record lows and falling, but this is deceptive as it is generally accepted that most FSBOs are instead moving to flat fee MLS listings (which is technically considered For Sale by Agent).

Hi Austin, Sub2 = you get the deed, you pay PITI, give your word, the promise to pay is not legally binding, it is a moral promise, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.Wrap = you get ownership but not a Warranty Deed, It is called a AITD or all inclusive trust deed or mortgage, you pay PITI, directly to seller or note servicing co, loan can be called if payment is not paid or mortgage co finds out title has been changed, you own it and can resell it for cash or rent it out or lease to own.I always do not plan to own a sub2 or wrap long.5 year Private Lender Mortgages for long term hold and rents.There have been promoters of sub2 and exit on a wrap, or wrap and wrap again (double wrap) , I would NEVER do that.You need a GREAT attorney.

Since the owner is in a bind, you're reaching out to help keep the house from being taken back by the bank.  

I tried the hardmoney lenders, which put me in a bind and where I learned lesson 2 of when real estate investing 101 goes wrong.