The seller may be thinking that you could make a decent profit by flipping at the doubled price, you should also evaluate different aspects of the deal to see that the numbers can work right for you too.Good Luck,

If you choose to turn-key, use your research time to find the best turn-key company (again, references, telephone conversations, personal impression and connection is very important, as you will be communicating with this one company or person for all aspects of your business investment).6) With turn-key companies, you often do not need to visit your investment area at all - do so anyway, at least sometime during the first year after you've purchased, simply to get a feel for the people you're working with, the area you've bought into, and verify or alter any assumptions you may have made from abroad.

IMO, those who do not follow rules or at least make an effort are most likely to conduct themselves the same way in other aspects of their life and business.

Probably why you can't find a list is because there isn't one that covers all aspects.

There is a book called Buy Low, Rent High, Sell High, or something like that, that will guide you through the structure of the deal in regards to the functional aspects of purchase, operation and selling strategies.

So they do some form of strategic default and suffer the consequences of walking away from a debt.

There are more pros and cons to this transaction but if all other aspects of the transaction makes sense it could be a perfect opportunity.

Buying for a great price, rehabbing, and selling 2-3 years down the road for tax-free profit will be a great way to learn aspects of the business and build sweat equity from the rehab portion while making a sound investment.

You'll never know unless you ask.If they are willing, I suggest you take the points I mentioned above to your attorney and consider the aspects I described.

Your general question is pretty much asking the how to's of RE professionals in several fields, not just a certain aspect.