I have been burned to much with a longer that it's not worth it.

"In the school, we have brokers come in and recruit us (because we can fog a mirror"They don't allow that in Georgia.The instructor is their to train the people to pass the test and NOT to plug their brokerage.In Georgia we can buy lists from the real estate commission FOR A FEE of course for newly licensed agents etc.What some brokers do is give FREE CE courses to win agents over to their company after licensing.Most 100% companies do not let an agent get 100% out of the get being newly licensed.The first 2 to 3 deals they take a big cut for the training they have to do with you.The brokers want you to join as a new agent because they run what I call "puppy mills".They know about 90% of new agents will fail after the first year but will squeeze out 1,2 maybe even 3 deals before puttering out.The brokers want those deals to be at 50% or 40% to the broker.They make fat bank before you leave the biz.Just keep churning new agents every month and watch the other ones die off.

However, the bank is likely going to take a hard look at wether or not they want to burn a steady paycheck and replace it with stagnant debt by accelerating the note.So i think to answer your broader question, yes, keeping the existing owner would lower the probability because the beneficial interest hasn't really changed.

I have looked at a few homes where seller financing was an option- so far, they are either homes that are too expensive (recently renovated by an investor who is now looking to get market- and many times a fat premium because they are owner financing), or homes that are garbage.I found one that has potential as a rental, but it is pretty small and needs a lot more work and thus would probably end up costing nearly as much (and taking longer to move into) as the more expensive one.I plan on continuing to look- there are lots of opportunities, and I know that your talking about when you say that some one "falls in love with" a home.

If the option period expires and you were unable to find a end buyer for the property you just burned the relationship with that specific asset manager/reo agent.

They were offering to write us a check for their estimate & deal with it on our own or use their approved contractors, and when all was complete, it ran about $20K more than their estimate (structural beam had burned in one area and needed whole beam replaced among other things they didn't catch at first).

This strategy like so many others marketed by a "guru" is most likely as indicated a unique use of methods we already know.In every case the marketing organization uses what some sales courses call "A Big Fat Claim" The idea is to peak your curiosity and not satisfy it until you pay up.Over the years I have paid to see the idea and most times have been somewhat disappointed but have also learned something.

They have alot of cash burning a whole in their pocket.

OTH, gouges, holes, cracked or chiped trim, burned, ripped or cut carpet, if serious, is a damage and that's what the damage deposit is for.

So compared to burning my money every month renting, this seems like a pretty good starter home for a first time buyer.