Make sure you have a clause in the contract or add it to a addendum that if the value does not hit a certain amount you have option to renew the same terms for a additional amount of time.Marv Rousselow

Well here in Northern CA, many of the auctions open up well below what is owed, and some open at what is owed, even if it is well above the value of the property.

Also if you see they have a 530 credit score they don’t care if you evict them or hit them with a judgment.

No they will not.Just buy, market to non-fha & go FHA if/when hit the time.

Lenders have more to worry about in Las Vegas than "due-on-sale clause violations".As long as this loan remains "current & performing";...you have a better chance of "hitting the jackpot" at Caesars Palace, than having the lender accelerate an otherwise performing loan in good standing for a violation in the "due-on-sale clause".Spending a few hundred dollars with a good attorney that specializes in these types of land contracts should be worth the money. (...try finding these types of lawyers who are affiliated with your local Las Vegas Real Estate Investment Club).A lawyer of this type can create a new, or review and update your trust/sales-agreement, land contract, etc.Here's a different twist:How about a back-up agreement and a back-up deed?

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Ive been hitting this hard for about a month and a half and am nervous and excited!!

If you do hit the mark at only $4k a month in expenses, you'd be closer to 12% cash on cash.

Your risk is your ability to judge ARV accurately ahead of time.If you're going to buy and hold for appreciation, I think Florida is a bad short term play but given how hard areas have been hit, in 30 years prices are bound to have gone up.If you're looking to be a landlord, cash flow calculations are pretty easy.

I plan on purchasing as much rental property this way with them until I hit my DTI threshold.