Hi guys, just looking to get some opinions on a potential idea. looking at a 2/2 condo in palm harbor Florida 34683 for 100k. I plan on living there for a year to two and after renting it out currently, similar units ...

I’m pretty excited but the properties I have are well under 100k and some cash buyers that I’ve spoken to say that they want a house that’s between 100k-300k in asking price.

I mean there are still sellers out there that wont use a realtor or any other advisor and don't know what to ask for in a buyer. and that allows the buyer with no real financial backing to get into contract.. it happens.. just like bird dog or wholesalers for the houses there are those that try to pimp development land.. most of the times they cant get into contract because they don't have the ability to transact.. but occasionally they do.. the one I am closing on in Oregon in December came from such a person and I paid him 125k in cash for the assignment.. but he worked for a large land development company as a employee for years.. so he knew the game he new the process.. and he got this seller under contract..

Buyers agent 2.5 to 3 and sellers agent 2.5 to 3.

That gives the buyer enough time to build equity and prove the investment to a lender.

Also, a good form for contract with the buyer?

It seems that a lease purchase with stipulations to make the buyer responsible for repairs would be more advantageous than renting because the property owner wouldn’t be responsible for any repairs, they get a bigger up front payment from the sale of the option (which will help with vacancies) and if the buyer exercises the option at the end that’s a win too.

My main concern is that I list the house and due to lack of enough prospective buyers the listing sits without any offers. 

Some States/Counties charge different levels of transfer taxes based on whether the buyer is an owner occupant or investor so it is important that this is accurate. 

Lessons learned: always maintain cash reserves for maintenance/repairs, fire bad contractors pronto, be friendly with renters but not friends, a decent buyer's agents do not make a good seller's agent, I must always keep my thumb on the numbers and eyes on the contractors, and as with anything else -- you get what you pay for when it comes to contractors Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?