A contract binding parties to an illegal activity cannot be enforced. https://www.legalmatch.com/law-library/article/ill...However, you got a Realtor involved so it gets more complicated.  

Ill add a massive EMD.The ability to walk away from bidding wars.

Ill start by answering this question:"Would you say then that the REI would go ahead and sign a lease option agreement, which is contingent upon finding a tenant buyer within the next 30-60 days, and the seller can continue to market their house in the meantime Iwith the REI as an exclusion if the house is listed)?"

Great Advice I think that very true, because something I look at goals and want to put them off for later, I ll let the people at my rei club know my situation.

Not being chicken little here but I've heard of one occasion where a disgruntled & mentally ill tenant went to a landlords house and...ahem....did some damage let's just say....because they knew where they lived.

I am dealing with the lower end homes but they list them what the market ill bring.

I wound up going with Results Property Management as well, and have been happy with them so far (for the past month).Jennifer Knight of JK Knight and Associates wound up taking ill and was pulling back on her property management business, at least for a while.

I ll send another flyer out though.ThanksScott

But, like SoCal stated...that is probably another scare tactic.Johnstone...ill search my laptop tonight and post up that addendum as an attachment.

Your in the game you might as well play where you have the greatest chance of success.It is all about risk assesment in my humble opinionI prefer to risk everything I have because if i lose what I have I will have it all back in under 5 years most likely in 2 years.If I don't risk it I know I will be broke and unable to retire.Hmmm what is retirement......I don't think Ill ever do that one because my definition of retirement is to be able to go where I want when I want and do what ever I want to do.........So I make a few phone calls during the day and make more money for doing so......I will never quit teaching people This business because It has made me a truely free man.One will never be free until one has no attachments in life because attachments by the nature of the word attach us or tie us down......I am not attached to my money or things....I can't take them with meI am not attached to life.......when i die my body stays hereI am not attached to my wife and son .....I love them but they are their own spirits.......If we had never taken the risk to travel to the moon we would have never reaped the benifits of such a great undertaking..Sorry but I believe that all things are possible to him that believe...I guess it's kind of a sensitive subject for me.