I assume you're talking about buying the property at the foreclosure auction, if not then it would just be about getting ahold of the owner and seeing if they would sell it to you.If you are aiming to buy it at auction, this is a really good article to read: https://www.biggerpockets.com/blog/buying-house-auctionMost important thing is to make sure 1) you are buying the 1st mortgage and not a second and 2) make sure you know if there are any tax liens on it as those don't get wiped out in foreclosure.

Interested in buying a rental property.

The property will be available to view early next week (after the holiday weekend) for estimates for the job.If you know of any solid, reliable general contractors who work on rental investment properties . . . your recommendation would be greatly appreciated!

I have purchased multiple audible books such as Real Estate by the Numbers, Start with Strategy, The Book for Rental Property, The Book on Investing in Real Estate with No (and Low) Money Down, and now I am reading Finding and Funding Great Deals.

I have a couple of properties in different LLCs.

From a 10,000ft view (if it was a real investment property) $29k profit (24% ROI) over 5 years is pretty slim.

Purchase price: $147,000 Cash invested: $15,000 Single Family Rental Property

In my mind, the agreement would look loosely like this: The option buyer pays an upfront fee to the option seller, giving the buyer a right to buy the property at any time between now and a certain date in the future, for a set price.

Much depends on the type of property you are purchasing and the kind of loan you are seeking.

I'm new to the real estate industry and the seller financing option is attractive because I see the option to purchase an investment property with a downpayment smaller than 20%.