That is teh best advise I can offer on that.I have heard their presentation on multiple occasions and have seen it on TV.

For a residential real estate transaction, real estate agents have in some states some pre-written contracts where they have to fill out the blanks and check some boxes if you choose to use the contingengies on the contract or not.

You can negotiate/fill in the blank for the amount of option fee (including $0) and the number of days for the option period.

Wasn't that book recommended by BP on several occasions?  

FARBAR clauses that I pay particular attention to would include:- Suggest a conveniently located title company for both parties (2a)- Make sure everybody is very clear on the closing date (4)- Decide whether you want to be able to assign it or not (7)- Decide whether it is a cash or finance contingent contract (8)- Decide whether the buyer or seller is paying majority of closing costs (9c)- Give yourself a decent inspection period (12a)Aside from that, just make sure they initial every page and sign where indicated and if there are no agents/brokers involved, then make sure that section at very bottom of FARBAR is left blank.

One blank let loan for 10 properties verses 10 properties with 2 Mtg.s each.

In my experience they know the market value and will sometimes leave money on the table in order to get a deal done.On other occasions I tried dealing with licensed agents who had no clue what they were doing and just threw some properties up on the MLS or on a private wholesale sheet.

This is a far better experience than if I were to just give you a blank slate with no suggestions. 

I think I understand how to do it now but I haven’t had the occasion to use it.

I've been in the rental/flip arena for going on 20 years now and have dealt with city inspectors and licensed contractors on many occasions.