I learned how to stay within a budget how to select the right finishes for the price point of the house and how to pre-market it when neighbors walk by and stop to talk and every time you're at Home Depot which was right around the corner.

How to select a city?

They are pretty aggressive with their marketing - as soon as I signed up for a free account, I started getting e-mails about once a day telling me how much value I could get from a premium membership.

The other two units are renting for $1300 a month and they signed the lease agreement last January.  

I know the type of marketing it requires to be in this game with lead gen tools, mailings and bandit signs, but I was more less confused on what contracts do they use?

Make sure you know who will be signing on that loan as the person who does will be personally responsible.

I would echo most of what @James Miller said and add the following:* The LO/CFD can be recorded as a deed w/ vendor's lien the day after signing.* Any JP who knows anything on this will deny all evictions.* Compliance is virtually impossible.* Most of all the executory contract statutes apply when there is a consumer tenant/buyer but not for commercial.The owner is probably better off doing a full wrap sale than LO.

You can select the amount of the deductible, usuallyranges from $500 to $5,000.

If they do this, then have them sign off on something saying that they forfeit everything else.

I would be surprised if the midwest is up to $150/sf unless you are near some select large cities.