This deal is a short sale and was on the market for about 24 hrs.

@Anx Carter - have you looked for comps on raw land sales near you? 

Don't underestimate the price you can sale for. 

The rest of your money from your home sale is now making money as storage.

If you are looking for a more hands-on approach, it's best to source your own leads through a sales funnel or marketing campaign, coupled with consistent follow-ups system!

I am the one who closes the sale typically so expectations and the process is thoroughly explained by me prior to onboarding beginning.Client red-flags are those who critique the processes before even beginning, those who want exceptions for every process, think they know how to do the job better than I do, etc. 

Purchase price: $50,000 Cash invested: $60,000 Sale price: $170,000 Found an off-market property that none of my investor clients were interested in or able to purchase at the time and bought it for a fair price with cash.

These rules, which include a requirement that sellers set aside a portion of the purchase price for buyer-agent commissions, prohibitions on modifying the commission, and permission to filter listings by commission, all enable NAR, its co-defendants, and its members to maintain buyer-agent commissions at supra-competitive levels unrelated to brokers’ experience or the services provided, steer home buyers away from lower commission homes, and drive out discounters—among other harms."

Is there a special sales contract that is used for this kind of transaction?

FHA will also not allow you to close in a revocable trust as most lenders will enforce a "Due on Sale" clause.FHA has a "100 mile rule" so you cannot use another FHA loan to house hack.