You can certainly rent homes there but here is how it works: you may experience longer vacancies because it's a more established home owner area but you will also have tenants that will tend to rent for longer periods of time! 

If you do an option, you'll be paying taxes on the option price received in the period the option is given, then if it actually taken, you can ask for it back, if there are no taxes due from the sale.

The title companies I've worked with will accept certified funds (money order or cashier's check) and will also accept personal checks, but they have a hold period on the account (I think it is like 5 days). 

Could they use a service that you would provide for free to them for a specific period of time? 

First go period!

Extremely motivated residential real estate development manager and investor.ExperienceI have been in construction and real estate industry since 2000.Low cost housing development management and urban renewal projectsOwn four properties (3 rentals);Developed one propertySelf-financed one property Real Estate Goals (in four year cycles)2015 – 2019 period: Double the rental properties owned to 8 properties by 2019Write an operations manual for the business.  2011 – 2015: Double the properties owned to 4 properties by 2015Increase in property investment knowledge Create proper financial tracking and monitoring.Register a property company or trustGet into a property club and property mentorship.Get SA property advisors and connections.2007 – 2015 period: Have two properties by 4th year (done)Gain knowledge in wealth and propertyCurrently Seeking+ Single-family properties around Pretoria with a positive cashflow. + Create a property investment club to develop in estates.

Hi Devin,Of course there is a catch... no matter who says what, the system will cost money and so will the installation and someone has to pay of it... either up front, during a period of time or at the end.If you are not paying for it up front then when you turn around to sell the house the buyer will have to pay for it and this has caused a lot of buyers to lose interest.

IRS penalties should only come when I remove earnings before a 5 year roth holding period has been met and/or before the age of 59 1/2.

@Stephanie Dobbs No, this will not work, period.  

Is there a way out of the contract after a period of time or am I stuck with coming up with the funds to close this deal?