I got the house at sufficient price that it would make sense as both a rental and a flip, and rent-to-own seems like the best of both worlds (higher rent and better quality tenants if they don't stay, and a sale if they do).Also, in a rent-to-own deal do I have typical landlord responsibilities?

If we assume you have created sufficient market exposure for your property, it may be time to revisit your listing price.

How much the property will appraise for by the buyer's lender.These numbers may be vastly different depending on the specific market and property -- without knowing both, you may find yourself in a tough predicament.

Perhaps the greatest thing about real estate investing is the vast options in approaches.

I supposed it's plausible, but getting it mixed right & down the pipes in sufficient quantities to be really destructive would require more effort than a deadbeat could muster.

It is predominantly cash investors with resources that can make these properties marketable and profitable.This is why to be in business, a wholesaler without sufficient resources to buy property must understand the market and not overpay.

Your income needs to be sufficient to sustain the new mortgage and there is a Net Present Value test of the proposed mortgage which will determine which is better for the bank , the modification, or a foreclosure.I do not recommend hiring an attorney for this as they will be of no benefit and many of the companies you find on line or elsewhere are not very good at getting modifications but are good at taking your money.

I told them the reason was due to their lack of sufficient credit, as it's impossible for them to meet that standard and this would help to establish their credit.

Tol clarify on this issue of agents getting commissions when they buy.The vast majority of REOs are with the major national banks/servicers: Fannie, Freddie, HUD, BofA, Chase, Wells, Deutsche, etc.

Do you have sufficient insurance to cover the new debt?