There is usually a clause in the P&S or addendum to the effect that if the seller needs time to remove any defects in title, deliver possession or make the premises conform, you agree to give them an extension and if they are unable to perform by the expiration of the extension, the seller will refund buyer's EM and the contract will be void with no recourse to either party.

I 200% agree with what @Gabe Amedee said.

@Chaz Mathias I agree that the market is overheated which is why I would be budgeting to be able to list below market value for a quick sale.

I'll wait until I have more experience in RE before I'll wholeheartedly agree with you, but I would feel like I had more control in RE already and I've read into both.

After filling it with my purchased items a couple times it was pretty much a normal rehab.If it's a listing, you could try to find a cleanout company that will agree to be paid out of escrow, or there are lending programs that offer home renovation loans to fix up homes to be sold.Be careful working with wholesalers as an agent.

If they recieved the lease verbally agreed, took the two me and effort to get a certified cashiers check.

I agree with @Hattie Dizmond’s suggestions and reasoning.

Even if you don't agree with my numbers and need to decrease the return by 5% it's STILL ahead of an index fund.As you can see from the link above, over 30 years I would see a 23.98% gain EACH year.

If an owner agrees to a lease option contract.

and yes you’re right insurance would actually be around the 200 + range But all in all i agree this isn’t worth it I was just curious to see how it could be work.