@Tom Gimer should be able to shed some light on this he writes title insurance in that market.

This is why it's best to have an agreement in writing that says they are ending the lease and will be out by the termination date.

You pay the owner directly instead of a bank, this can be advantageous due to the fact that you really write you own ticket.

I think we've got like $900k sitting in the trust accounts as I write this.

Do you advise having my real estate agent verbally make these to the seller and then we put whichever in writing they prefer?  

Initially I thought about getting a hard money loan and doing a traditional transaction so that my in laws can get their money right away, however time is not of the essence Someone also told that me to save money (avoId poInts/fees/Interest) and just “partner up” with my InLaws and write a contract stating that upon the sale of their house, they’ll get their 400K and I’ll get the rest, have them give me a quitclaim deed to the property and i’ll pay their mortgage and expenses during the rehab months.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

When you see a vacant or derelict property, write down the address and spend some time scouring county records to find the owner and approach them.  

Guidance memos from the executive branch, carry the full weight of law.....but these are harder for people to locate because they simply dont know that they exist, nor that these are as much law as what the legislature writes in a bill.  

Nice find and write up!