Everything went really well, but I would say the one lessons we learned that is extremely valuable to have you're own 3rd party inspector go inspect the home and tell you everything the buyer's inspector will in order to save time during the closing process.

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

Part luck and part I "know when to fold em' " 

If you have equitable interest you can simply assign your purchase contract to another party.

Partying like it's 2006, with margins that are lawful for mortgage bankers, but that would be illegal for mortgage brokers (guess who has the better lobbyists? 

This seems to make sense for all parties involved in 1031 exchanges.

The best part is the value of the property doesn't matter much because it will always come back in 5 to 10 years and probably more so.

There are at minimum two parties: the optionee and the optionor.   

The "seller" here is an agent of the secured party who provides no warranties, claims to know nothing about the subject property and refuses to complete and execute standard title company documents.

You are buying a bed and events venue that will sink or swim based on your ability to self develop local marketing for : weddings, corporate dept getaways, mastermind meetings, anniversaries, birthday parties, religious getaways, sports recruiting events, sales conferences, corporate team building, family reunions, off site tailgate parties,etc.