No reason to doubt you.On my side there is only me and I get paid zero for my contributions.

Tenant shall keep in effect for the term of this lease a policy of liability insurance covering Tenant and Landlord against any liability arising out of any injury on or about the premises...OPTION AGREEMENT:CONTRACT FOR OPTION.

:nono: You may also want to ask for a title policy as part of the deal now.

LOTS of other questions you need to address as to current status, risk tolerance, future income, etc.

Leverage tolerance, tax rates, starting capital, experience, markets served, etc.

The landlord doesn't allow smoking, but I don't know if he bothered to tell these people about the no smoking policy.

But surely if you are not an expert at it, I would steer clear.Second thought - I cannot recall the last time I ever entered into a contract with a non refundable deposit and zero inspection period - that right there is a red flag to me.

They have general liability (GL) and workmans comp (WC) insurance.Contractors will have a bond but not many carry their own workmans comp.If they don't have WC -- or at least a very large GL policy -- find other contractors.

A very successful investor I met suggested going to my local REI meeting and telling everyone I'm looking to buy a seller financed home.He stated that even if I paid full market value, as long as it cash flowed, it was worth it, since the return on zero down is infinite.

Having a firm eviction policy in place is a must.But, I go back to what I stated earlier.