I suggest you attempt to obtain ownership rights instead of a leasehold interest and the right to buy later.

Is this deal worth a short sale attempt.

From people in bad financial shape yelling at me for attempting to "Steal" their house from them.

This covers, not just this scenario, but also if they attempt to run a day care or something else that may impact my insurance coverage.Just tell him to get a box at a UPS Store, and use that address for his business.

There is NO WAY I would have attempted this without the experience and EXTREME hand-holding of someone very experienced.

Most Title Policies have a set fee, in many instances at closings you willl find a lot of Junk fees, but they attempt to make as much as possible.

Update 4; 2.23.14Good afternoon everyone, this is my 4th update and my report for Weeks 3 and 4 (Feb.9-Feb.23) in my 2nd yellow letter campaign in attempt to wholesale pre foreclosed SFR's in San Diego, California.Recap.

I do inform them, however, of what it would cost should someone attempt a rehab.

As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners; (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

Here, we have additional auction requirements, one buyer in there per dealer (attempt to cut this type thing out) just require the dealer to show the bill of sale before you buy and pay the fee, otherwise you buyer could get even more. :)