I've closed some deals with wholesalers on 1 page contracts just the same as longer ones.As long as you have sufficient verbiage to allow for due diligence or option periods as well as the seller allowing proper access to the property for buyer final approval I think you should be fine.

My goal is to be recapitalized on my initial acquisition + rehab in three years or less from the net rents received.

Well finally reading this thread and agree with Bill that transactional funding is solid and should last awhile longer.

Once the divorce is final you would definitely be able to.

MLS is usually the final stop for me.

See if you can negotiate credit at closing for the maintenance you mentioned and any other repairs needed that way you will have some cash and be more flexible with your options when you finally own the building.

The final phase is a 3 month trial period after which the lender will send you the final terms for your agreement and signature.

I countered at $93K, he finals at $99K and a $5K seller's credit saying any less and he's in short sale territory.It'd cost roughly $2,500 (if the numbers my agent collected are accurate) to split off the water and pin the utility to the tenants. 10% for management and another 12% for vacancy/repair reserves and I'm still looking at a 20% cash-on-cash return.You guys are pros, and I'm not.

I run the maintenance & construction crew consisting of five guys and my wife does the leasing and new property acquisition.

I can see where they would support such activities, the acquisition and rehab of properties and perhaps the ultimate sale of properties to get people started in ownership of safe and affordable housing but may not want to hold title.