If interested take a look at form RE870:http://www.dre.ca.gov/Forms/MLB.htmlBroker is required to have prospective TD investor complete this form.

Of the 5 prospective lenders, only 2 are willing to lend in 'war zones' and won't touch sub 50k loans.

What is important now is can your prospective house sell for 320 if its in a similar condition?

@Steve Gruttner welcome to biggerpockets.I look forward to local prospective on lease purchase.

Hello everyone,I am in the process or revamping my yellow letter system, and was thinking of the importance of picking up the phone each time a prospect calls you.I work a 9-5, sometimes more, and used to walk out to take calls, but most were tire-kickers and it was not time-effective.Now I just let it go to voicemail (using Google Voice).

The amount of deposit will be credited to the final security deposit on the unit.If prospective tenant is declined residency for any reason whatsoever, deposit isfully refundable.In the event prospective tenant changes his/her mind about renting, deposit isNON-REFUNDABLE.I fully understand the above statements and agree to abide by them.____________________________ ______________________________Tenant Co-Tenant____________________________ ______________________________Witness Date

I fully appreciate your desire to defend your position as you are a principle in the company who sells these units to prospective investor buyers.

Your point about one day selling in an area where mostly investors have purchased and will be prospective buyers is a great point.

Between that and the $2,000 quote I got for $200k in replacement value and $300k in liability I am feeling fairly deflated about the prospects of this house.

My overall thoughts are mostly aligned with @Aaron Mazzrillo 's first post.I got the idea for posting this topic after having a short conversation with a prospect for one of our rentals.