The issue is although it is a two bedroom, the 2nd bedroom is actually a former tuckunder garage, it has a door leading to the outside, no bathroom in the immediate vicinity(the bathroom is located next to the master bedroom upstairs), and is the only access to the utility room. 

@Christopher Dorsey @Jim Keegan @Laura BaragiolaYou can record a Memorandum of Lease Option (Not the Lease Option itself, just a Memorandum) so if the Seller stops paying their mortgage and it goes to Notice of Default, the attorney will pull a Title Report and see your Memorandum and notify you.

Stop making mistakes that cost you when there's a better way.

The work has come to a stop because he cant afford to pay anyone and they are all walking off the job. 

At least he finally stopped talking to himself

Guys/Gals, If your buyer stops paying what happens to the buyer's equity in the home after eviction , abandonment ect ? 

Widespread access to high speed internet, the "gig" economy and online business opportunity have revolutionized work, but is it done?

Access equity without losing properties. 

Most of these homes are very poor locations and very poor condition.You need to hire someone to go out, access the property (drill out locks, install new locks, and install lock box with keys,) clear the property (many of these properties have squatters living in them,) secure the property (lock windows, fix broken/unsecured points of entry,) evaluate the home, build a rehab budget, and send over pictures and/or video.There are several GC's and home inspectors who are offering these services for the MI/OP clients.

That is the reasonable expectation that most sellers/real estate agents/etc. have.Credit score and employement might take too long to discuss here fully but IN GENERAL you'll need a 2 year work history (there are exceptions to this) a 660 credit score will get you in most loan types, 680 is better, but FHA will lend below...most banks will stop at 580 but there are a few that will go below that with more down payment.Since you are house hacking here's a few other questions to ask the lender: When do you start using rental income to help me qualify?