If you can't afford to buy the property outright, can you offer to guide the owner through the eviction process as a qualifier to putting it under contract (or put conveyance of a vacant property as a condition of sale)?

RE law, title requirements, valuation methods, settlement requirements, types of interests that may be conveyed, financing, you know, the basics of RE?

Do you have to be licensed to use/convey it?

That said, I too prefer, reading most information if video is not needed or helpful in conveying the message.

The LOI  essentially states "This letter is being written to convey my (or my wife and I's) sincere interest in purchasing your home/property.  

Options aren't what the gurus tell you they are really, most don't understand what an option really conveys or how it is valued over time.

Sell an undivided interest to the tenant with a revisionary agreement, collect rents on that interest not conveyed and the lot rent.

All I really wanted to convey is if it is a hot project and you believe in it, start (or continue) looking at your local private money options.

Im assuming your talking about taking over the payments subject to the exisiting loan.so let me break it down to you....1.sales contract with subject to existing loan clause on it.2.create a land trust conveying the property into the trust and your company or good friend as trustee.3.have seller sign a warranty deed to trustee showing seller still holds 100% beneficial interest.4.have seller sign an assignment of beneficial interest (ABI) naming you the sole beneficiary to the landtrust.5.you would file the "warranty deed" at the county clerks office but hold on to the "ABI" for future use when selling the property DO NOT FILE THE (ABI)!

I cannot convey to you the endless morass that sits in my mind and festers in my heart.I have heard everything you have said before.