I remember before the stock market crashed in China people said that even cab drivers were making money in the stock market. 

I don't really see what the advantages of this deal would be for me because I would have to buy it probably within 2 years and I would need 20 percent down payment which is around 60k and I just don't see saving that amount of money in 2 years, right now I have less than 10k liquid cash.Before I walk away from the chance to at least be in the drivers seat to own the house, I was wondering if you guys thought it was a deal or just a way for the seller to unload.

Well I am a otr truck driver right now.

In 2007 they paid $216k and the redemption was 88k i had NO clue how that worked, but I mad phone calls and was set up with a hard money lender because we had 5 days to pay off the loan.

In 2007 they paid $216k and the redemption was 88k i had NO clue how that worked, but I mad phone calls and was set up with a hard money lender because we had 5 days to pay off the loan.

If they don't make their monthly payment, you can evict rather than foreclose.I like to make sales an open process where a buyer could potentially buy cash, lease option, or rent, but I always do this with my in the driver's seat!

I had a couple of pizza restaurants, I had liability coverage, umbrella coverage etc... but individual coverage on my drivers would have been impossible I just could not afford it so I made sure each driver kept current insurance documented it and basically took my chances.

First,FHA's requirements are there to protect the homebuyer, so there is a method to the madness.

Don't panic, you're under contract and still in the drivers seat, I believe.

Your address is that used as your tax home, the address on you driver's license, where your insurance policy is written as a primary residence, it has no relevance to how many nights you are sleeping there, so long as you aren't sleeping in the same place more than half the year.