Now, let's say a year down the road, and this deal being an owner occupied purchase, you want to get another loan from your bank and use the property as collateral.

I am telling them to “believe me.†When you say “believe me,†point to your chest, tapping your open hand on your chest.

I would be willing to take say a half hour from time to time to talk about residential rental investing and tax issues.This would be a great area not available unless you are a member.

In my state, I would say a principle seller does not fit a broker's definition, but this post is not about a property sale.

Thanks for the fast response Keith, I called that a "non-refundable consideration," and put that under my PURCHASE PRICE heading - my EARNEST MONEY DEPOSIT is a different heading in my contract.My issue is this:What if the seller wants, say a $1000 earnest money deposit.

I'd say a landlord/tenant lawyer is going to be pretty essential.

With that said I have yet to hear from any of the people he helps say a single negative comment about him or the product he provides.

For example, this kind of arrangement will require much more thought than say a lease for student housing.

A lot of times the owners will say a home is in good shape, then you get there and it's so bad you wouldn't let your dog live there.

They say a successful 2nd flip just means that you lost less money than on your first.