Originally posted by @Jon Klaus:I was just quoted $1600 for Geotech services.

Like Jon mentioned, it can be done, but may not be right if you lack the ability to borrow on the back end under applicable underwriting.

@Jon Holdman -- unless I had the cash to buy them out right or with significant downpayments, I agree. 

Thanks Jon, I will definitely get back to work!

Thanks Jon.

As Jon suggested, the podcast marathon would be a great first step and investment of your time.  

Hi Jon,Thanks, and great advise.

Originally posted by @Micheal James:hi, to clarify, I believe the seller is working with a bank or working with the company that is working with the bank See what @jon holdman said about that.  

Here is the basic outline of what an option looks like in a real estate transaction----Option to buyBuyer: Jon DoeSeller: Bob Owens123 xyz propertylegal description: left right 1/4 of 2/3 lot for $119,000between today and November 1st 2014price for option $1,000-----In Indiana this document is normally two pages long and includes a notary page....  

@Jon Huber Much obliged for the resources!