I think that I'd lease option it out to someone and if it sold, it would be due to them exercising their purchase option.

So important to have good colors and too many folks don't realize how important it is to sample square new colors and evaluate them at different times of the day, to make sure you don't end up with something gross!

When I exercise option to sell, does bank take into consideration equity in the property (option price/market value), or would I still need to put down 20% in cash?

Obviously, my ROI looks much better if I use $70K for my basis than the $100K.The sample numbers are similar to a cash purchase I made recently.  

If so, I would send the HOA a letter stating where they dropped the ball, and demand the full amount refunded or you'll exercise your right to go to small claims court and get double your deposit back.Hope this works out for you!

From what I have seen while looking at sample tapes, FCI exchange/other websites, and other comments; is that performing notes cannot be bought with that much of a discount (but I haven't seen what local banks/credit unions provide in their pools/tapes).

I'm wondering if someone has a sample  letter in regards to the obligations to keep taxes current and demand to cure this default in payments back to me as I will pay?

***Additionally, a mortgage broker that is able to take a tenant-buyer's option consideration that is paid to me (wholesale lease option deal), and either apply that consideration towards the TB's down payment when the exercise their right to purchase ORdiscount the price of the house.Typically the consideration goes through a third-party escrow account (my attorney's), and that helps with the above.Typically mortgage brokers who understand this type of situation will only submit financing applications to banks they have great relationships and won't have an issue with this type of thing.Thanks in advance!!

I just saw this article on Yahoo regarding where rents are rising the fastest and thought I'd share:http://finance.yahoo.com/news/cities-where-rent-ri...I agree with the article that it isn't really a great measurement of what is really happening in an area because it is a small sampling, but might help answer some of the questions posted here along the lines of, "What city is best to invest in?" 

I love that part because frankly, it's only getting exercised if Armageddon happens and it'd be impossible to sell it but with just three months notice, we're out free and clear of everything.