This is for a townhouse: Comps show 115-125k (6 months back w/in .5mile) ~120 conservative.

It is an excellent beginners course.Good Luck,Mike

FYI The price is 123k, arv 220-230, with 20k necessary on the high side.My girlfriend has excellent credit 760, good secure job (Teacher) but has little to put up or out of pocket without wrapping it into the loan.

Damian, you got some excellent advice.

I wonder if I ate likehim would I be able to win gold medals?

I always recommend the Carleton Sheets course as an excellent beginner's course.After you understand the basics, then I would write a short business plan detailing how you will get from where you are now to where you want to be (financially).

I think you have to win over the parents and guardians AND the children.

I deal primarily with REOs working with clients on the purchase of them (About 75% of my business).Banks and AMs have a process they use to look at offers, some pay attention to the names coming in on the contracts, some do not.If you included a letter stating you were not associated with the other party, you should be good.During a multiple offer situation, this is USUALLY how banks view offers, in order of importance, and these do have a great effect with who they do choose to be the one to buy the property.Purchase priceClosing costsFinance typeEarnest Money DepositI've had buyers to win contracts over other bidders not by purchase price, but by the fact they had cash to close, or were willing to put down $10k as compared to another buyer's $1k.

===============I think there are a few issues for the Tenant Buyer that need to be not negotiated but BE CLEARLY THOUGHT ABOUT AND DISCUSSED with a win-win.Equitable Interest is discussed when a Tenant Buyer is nervous or suspicious of the Lessor - Optionor.Lawyers use the term to create a lawsuit Against the Optionor-Lessor.Judges in Landlord-Tenant disputes use Equitable Interest as reason to have a poor, ignorant Tenant Buyer being conned by Greedy Seller-Investor.IRS have called SOME Lease Options as DEEMED A COMPLETED PURCHASE AND SALE OR A DISGUISED INSTALLMENT SALE.Gee, what a hassle for the Real Estate Investor!

It is really an excel spreadsheet on steroids.