. :)Use alone does not define the type of property or an intent to profit from it, a contractor builds a SFD, it's still a SFD, not commercial property but his intentions and use is for a commercial venture.

See http://www.biggerpockets.com/files/user/REISkills/file/letter-of-intent-lease-option-assignment for the Letter Of Intent I use.Once you sign up the seller, cloud the title, you may have luck in find a leasing agent to fill the tenant buyer for 1 months rent, and you pocket the the option fee.

I asked if she had a Realtor and she says no and she tells me the details of the bank's intention to give notice the first part of July.

however, i do think "buy a house" reflects intent... just as intent and trend of real estate speculation during the hype (bubble) can be reflected in the term "real estate investing"..

Hey everyone, I'm submitting an offer to a local bank today on a small multifamily property, and I'm curious if anyone has had success (or an opinion on) submitting a "letter of intent" with an offer to make it more "personal."

Intentionally going for the aged look from the beginning.Best of luck to you in whatever you decide.

The amount of time is not the issue, the intent to hold is the issue.

I seem to have stirred quite a response, which was not my intent.

My dream, though slightly evil in its intentions, is to not have an education and to employ those that do.

I support the intent but IMHO the lack of % returns and time period chosen, slant it a bit too heavily towards appreciation :http://www.marketwatch.com/story/where-you-can-cle...I love this quote from @Amit M.