So, lets totally ignore this aspect.If you're living in it for a year, I assume you're getting some sort of conventional financing.

The sellers are now willing to sign off (Via the sellers' attourney).I've already contacted the bank , so we can work with them on some sort of resolution.I'm wanting to get a signed promise from the sellers that they will perform something along the lines of a deed-in-lieu of foreclosure once the buyer becomes the mortgage holder.

Hello,As I progress toward trying to work in wholesale business, working with pre-foreclosures and other motivated SFH sellers, I can see that there could be a problem finding good comps as the retail market goes down.

If it was not properly permitted and zoned, those sort of questions might result in unwanted attention.What are your plans and financial situation?

If you're comfortable handling this deal in any number of ways, then yes, the most important first part is convincing the homeowner they should work with you, getting to the bottom of what their motivation is, and how you can help them the best.

Hello all...I've been piecing together tons of info. from the site and am sort of putting it all together.

...and of course, an up-to-date reply is that the tenant has all sorts of rights.

Run TV commercials and/or infomercials to target motivated sellers.

Yes, the key to working with Rent to own sellers, as with most all types, is finding ones that are motivated to sell to the point that they are receptive to creative offers.

Get Started...Go for it... and ask for help as you need it...Find a way to talk to motivated sellers, look at MLS all the time...