You list for sale at say $110k, then when you sell, the end buyer is paying $110k, just like any "regular" transaction, and 70k, goes to the family (less the option fee you already paid) and the rest goes to you, as the option holder.

This paperwork (signed deed and agreement for sale, etc.) will not be for "public consumption", unless made public out of necessity.Plus, you have a creative way of making this owner financing deal become "more of a regular deal" if needed in the future!

In case a claim is made for unpaid rent, the customer details provide all the billing and payment to date.

If you file to evict and then tenant does not answer to the court you can get the writ to evict but not a judgement.In that case you have to take them to small claims court and win to get a judgement.Now if you already have the judgement against them you have a few options.You can file the paperwork yourself for bank levy or wage garnishment.Or You can use an attorney that charges hundreds per hour.

They claim to have lived with the husbands dad for the last 5 years prior to the apartment they have lived in (verified) for the last 6 months.

If you are wholesaling an reo of mls and it has deed restrictions can you still get away with doing a quit claim deed?

What if there is a lien in place or a claim of ownership from before the seller owned the property?

All liens, claims, etc are paid off and/or protected against, so basically you're getting a house with a perfectly clean title and no liability issues (there is always some risk, but no more with an REO than any other property you might purchase).- Generally, REOs are going to need more renovation than a house you purchase from a retail seller.

The trouble is that 2 of 4 members of the fund also participate in the partnership doing the development so there is a bit of a conflict and I could see how a disgruntled investor would claim things were constructed to somehow circumvent the rules.

Kalyn everyone wants cosmetic properties.You will find regular home buyers do not have to resell and will accept way less of an equity position and pay a higher price to get a home cheap with a low monthly payment.Their goals are totally different than a rehabber.This is why a bunch of success is taking on properties where a home buyer is not a competitor but it drives down the price with the property not being loan ready.If your offer of cash is just slightly lower than a finance home buyer the asset manager might still choose you.If there is a wide difference the asset manager might take a shot with the finance home buyer to net more.It depends on a bunch of factors which is being at the right place at the right time.You also have to understand local,regional,and national banks make decisions in different ways.Kayln are you offering to let the listing broker keep all the commission are are you getting greedy and asking for the co-op??