Of course i'll have them sign a receipt and make a copy to give to the Title Co.I also have a early termination penalty clause for me and the buyer if either one of us cancels the deal early, Is that fair?

Some have money and are seeking contractor partners, Some have no money but have GC and managing skills.

So can I write a new lease saying that the rent must be pay in full on the 1st of each month and if check arrive after the 1st a penalty of $75 will be taken off their deposit and is that legal at all?

Private lenders do not advertise or seek out borrowers, that is a hard money lending matter.

There is also a redemption period where the owner/previous owner has the right to pay back taxes plus penalties, fees and interest within a certain time period which varies by state/county.I think there is money to be made but here are some problems I see:1.

@Darla NunesYou've been through a lot, so do yourself a favor and seek competent legal counsel as an attorney is the only person who can help you at this point.

I am seeking wisdom and some advice from those that have experiences with turnover costs.

I am currently living rent free until the end of this year and I am seeking advice on a back up plan in case my original one doesn't unfold like I want it to.

Since I invest my family's funds, which are limited, my goal is to always seek higher yields with calculated or lower risk.  

So I do not actively seek these out but they do fall in my lap from time to time.These are not wholesalers controlling a property contacting me.