Now I was not in the room with you and the seller in the conversation here.You may want to look here for docs.http://www.biggerpockets.com/files/user/REISkillsthe way I do it is:Lease and separate option and a letter of intent.have the seller go down to my lawyers office and sign the docs.now I have equitable interest to market for the tenant buyer.Get on postlets.com and show pics or a video on you tube of the walk through.Put a HUGE sign on the yard and Rent to Own bandit signs.Have an open house on Thurs eve 4 7 pm, everyone fills out an application and an app fee non refundable to pull credit and a refundable deposit, about $1000.If they get approved they have 48 hours to get the balance of 1st, last and balance of option fee.Money goes through lawyers account and they do a 1003 mortg app with a mortgage broker, hopefully a RMLO.When all the funds are collected, the lawyer create a new lease and a new option contract for the seller and the buyer to sign, and both the seller and buyer sign my option release document.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood LuckPaul

Remember you don't have to own a property to control it.Download here BP's newest book Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood LuckPaul

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood LuckPaul

The RA team has expanded the service to include CRM capabilities and they are always making improvements thereby giving its users more access to relevant data to make sound business decisions.Have you viewed the demo on their site?

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood LuckPaul

I am curious, however, how users experience with the 2% rule has been.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood LuckPaul

Careful with code and assess issues. 10) Create multiple units out of single units where zoning and code allows. 11) Change use of property to highest and best, ie convert warehouse to smaller self storage units or lofts. 12) Change zoning to allow higher density and more expensive use. 13) Paint and cleanup property to command higher rents. 14) Identify and rent to niche market at higher rate, ie felon friendly. 15) Convert property from long term lease to vacation rental.16) Rent to roommates individually instead of the whole property.

Real Estate Rewind Starting over http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book Good Luck Paul