More than once I have warned new or would be landlords that buying the property is the easy part. 

I take no pleasure in being blunt, but the first warning sign was a 17% interest rate--sounds great to an inexperienced investor, but the realities of the real world make that VERY difficult to be successfully paid. 

We got an offer in the first week and I saw that the buyer included an "or assignee" clause, but the price was nice and my flip investor wanted to try then, though I did warn him.

Person who lost it often has a right to redeem, so no title company will issue insurance in the meantime.You can rent it month to month in the meantime.You can leave it vacant.You can live in it.You can sell it to some other investor without title insurance and a clause to warn them about the redemption rights.

A 3-day cancellation notice, informing you of your right to cancel your contract if you signed the agreement in your home, or at a place other than at the contractor's office or business;All warranties on the owner's rights; A statement warning, in ten point bold type or larger, directly above the space provided for the signature, the following: DO NOT SIGN THIS CONTRACT IF THERE ARE ANY BLANK SPACES.Whether any lien or security interest is on the residence as a consequence of the contract.An enumeration of such other matters upon which the owner and contractor may lawfully agree.Any other provisions otherwise required by the applicable laws of the Commonwealth.A clause informing the owner about: any and all necessary construction-related permitsthat the contractor must obtain such permits.that owners who secure their own building permits or deal with unregistered contractors will not be eligible to access the Guaranty Fund.Acceleration of payment: No contract can contain an acceleration clause that would require any part or all of the balance not yet due to be declared due and payable because the contractor deems himself to be insecure.

Excuse the rant:This is the second time air bnb had screwed me on damages. First time my place was trashed by some festival goers (puke and urin on beds, beer everywhere) and my maid cleaned up and disposed of the tra...

Disclaimers and warnings were not enough to keep some people from likely huge losses when dealing with the fraudsters.

The lease that I am using is as up date date as any lease for the State of Minnesota, and it includes "Lead paint warning and disclosure.

My main point in writing this post today is to warn other investors to not use this guy and to please do your homework. 

Thanks for the warning!