Of course, if it were legit, I would do all the due diligence necessary and consult all the proper professionals.

I write my leases stating which party is the one to receive a refunds of the deposit.

If you are using hard money you need to budget for the points and fees as well as traditional third party closing fees.Repairs: The money it is going to take you to rehab the property plus an extra 10% of estimated repair costs to account for unexpected repairs.Holdings Costs: Here is where a lot of investors get tripped up.

It seems both the parties are talking about their perspective of return.

Personally i keep showing, take up backup interested parties, and keep on generally doing everything till I have cash and a signed contract in hand.

2) What happens if one of the two parties decides to back out of the deal3) How does closing work?

Her call should have been more professional and simply say that she was the agent on contract for the property and  I must go through her.

(d) Whether asserted as a claim or counterclaim, a tenant may recover damages directly arising from a breach of the warranty of habitability, which may include, but are not limited to, any reduction in the fair rental value of the dwelling unit, in any court of competent jurisdiction.(2) If a rental agreement contains a provision for either party in an action related to the rental agreement to obtain attorney fees and costs, then the prevailing party in any action brought under this part 5 shall be entitled to recover reasonable attorney fees and costs.HISTORY: Source: L. 2008: Entire part added, p. 1824, § 3, effective September 1.Gail

I know it has been called a little/ no money down investement route but I believe that is more to do with marketting costs.The gurus have explained the steps in details such as qualify a TB, but in order to do so don't I have to go a mortgage broker and ask them to carry out the required checks..surely that carries a cost..I would like to understand from someone who has experience the followingwhich professionals need to carry out each stage for both the TB and the seller documentswhat are the ball park prices I need to expect for these services. 

If I'm passing through 100% of the rent from the collecting party to the owner, that doesn't seem to violate this statute.Also, according to this page:http://www.ct-clic.com/FAQ/faqView.asp?