Can you do a shorterm Lease option, collect a large down payment and have the prospective buyers move into the house while the loan process is trodding along?

And I am managing the property myself (just finding tenants and collecting rent checks, I have a property manager take care of issues on site) so there is work involved.

They train people to make initial contact with people facing foreclosure, collect some basic information, and submit the lead to their group.

Does anyone have any recommended verbiage in regards to Attorney and Collection Fees that I can put in my lease and or rental agreement?

For some people this means collecting rent equal to the mortgage payment.

I tried to collect the earnest money, and was told he had to release it to me.

Someone who's motivation is to see you succeednot to collect a mentor fee.

The majority of this data will be in the Multiple Listing Service (MLS), which realtors and appraisers have access to.I agree with Mike that realtors and appraisers can slant this data, but I still think that the data they have access to will give the most accurate determination of an ARV.

I am not too much of a fan of most free ones, but there is a data source called Realquest that I use in appraising.

Will the amount you can collect in rent cover that and still give you a few hundred dollars in your pocket each month?