It is a great way to get started, you essentially end up living for free.

The two of them should politely explain to the seller, in writing and verbally, that the seller now - already - owes (1) both brokerages commissions, (2) your out of pocket costs to date, and (3) perhaps even some title company costs.This deal was essentially delivered before the seller changed her mind.

One rule of thumb that I have learned from hanging around a very experienced lender is that portfolio loans are typically not the right product unless you are getting more than 10 properties.  

I know a lot of buyers, who never rent their house out, so, they have no idea, what is it's typical rent.

If there is significant damage typically the insurance company does not cut a check until after the repairs are done - so in most instances if the house had $50k in damage the insurance company does not cut them a check without confirming the repairs were done.

@Mark SpritzThe custodian is the bank or trust company that directly holds the retirement account assets (and typically creates the retirement account).The self-directed IRA (without an LLC) and the IRA LLC both require a custodian.Only the Solo 401k does not require a custodian.It's true you can have checkbook control with an IRA LLC and a Solo 401k, but the IRA LLC will still require a custodian.

Essentially, I found a nice plot of land that to me is in a great area.

These items typically include the following: 1.

And when people do "subject to" like you mentioned, is it typical for them to quit claim to the buyer but still assume the loan?

Tyler Deuel typically the 203k specialist on your case could give a recommendation.