@ Joshua Marriot - the seller did refuse to make repairs and the buyers want to press forward anyway.  

(btw, the note funding link he refers to in the video is dead) Also, you may want to read this link about the guru he mentions. http://www.ftc.gov/news-events/press-releases/2012...New laws not withstanding, If I may restate what I think you want to do.  1) Seller agrees to let "guru student" buy an option to purchase his property for $160,000. 2) Additionally the seller will also provide owner financing for the "student" for the purchase, with the understanding that you are hoping to pay him $160,000 in a few months.3) Clever student markets the property for $200,000 with a 10% down EZ qualify loan at 7%, 20 yrs amortization 5 yr. balloon. 4) Motivated homebuyer with bad credit buys the house with a low downpayment & EZ financing you have arranged & will pay 10% down or $20,000 and $1,395.54 each month for the privilege of becoming homeowner. 5) 3 months later the original seller is paid off from the proceeds of the note sale.

Thanks for steering me straight and for the different perspectives.I didn't want to believe it but I needed to accept the cold truth.  

In some markets you would be hard pressed to find 10 deals in a year..

Someone to cold call sellers from FSBO, craigslist, Zillow etc.  3.

I would like to lay laminate, but my concern is that in the winter it would be too cold to walk on. 

We had a few plumbing issues once the renters moved in due to tree roots in the sewer line and a pipe freeze (outside) on a cold winter day, but generally once we fixed it up, the house was rentable for the next couple of years with few repairs required.In terms of managing the property we put an ad in the local paper and that was more or less worthless.

lol just cold call all of them in your state.

Raymond,  By pressing quote by your name brought it up with the highlight..  

I figure it will cause some difficulty but I will press forward and figure it out.