It appears it is a Freddie or Fannie product.

ThI don't find much in the way of REI clubs online and the BP link to a Tallahassee club appears to just be a page with some links to ads.

This is exactly what I said in my post above last night, which was what was previously pointed out to me by my broker.So, in general, it sounds like the law frowns upon brokers creating any non-simple contracts, but will tolerate it if they make the contract subject to the review of the attorneys for all parties.Based on that, I'd suggest that it's more legal for brokers to do this than Dale believed and less legal for brokers to do this than I believed.So, we're both wrong...or right...or somewhere in the middle...At least as far as New York is concerned, and it appears that other states have also adopted that ruling from what I could tell.

If it appears that there is money which may be due to the landlord by the tenant after the day of the hearing or if a judgment is delayed for any reason, the court shall require a tenant who remains in possession of the premises to deposit with the court a just and reasonable amount to satisfy the obligation, but not more than 1 day’s rent for each day until the new hearing date.

As the market appreciates and you turn around to sell them, it is going to be a lot easier to sell a single family home than an apartment complex.

But when you buy a note and then in a timely manner sell it and profit from it, you then appear to be in the business of dealing in notes, license required.

@Emilio Hey Emilio, the walls are 10" inches thick because the basement height is 9'.I used Asak on the exterior way porch/posts/trim, its easier to work with, will not rot, and lasts forever.

As long as your fee appears on the HUD-1 settlement statement, should be fine.

The place is an absolutely mess he has guranteed me he will paint and fix it (haha I doubt it) So unforunately if I show it anyone will hate it.3.If I do go to court I will ask for 1 month rent plus above and beyond for repairs(outside of the scope of the security) is there anyway to garnish wages or make this debt appear on his credit report?

The other option would be to finish a lot of the house and rent it out for about $400-$500 cashflow every month and concentrate on building a window tint business and possibly work at wholesaling real estate as well for 2 years until I can show 2 years tax documents when it will then be easier to purchase more properties.