Chances are you will end up with the non-refundable option and will need that money to fix the trashed out house the angry tenant leaves behind.

Non where interest.. but I will keep trying

I was trying to merge this goal with the goal of a moderate cash flowing property but it seems this isn't a possible scenario.I intend to invest in cash flowing properties outside of this deal and have already done one cash deal where I bought a property all in for 33k that would comp for about 35k and sold it on land contract for 48k, with 14k down and the balance to be paid at 8% over 6 years.I am continuing to learn and hope to develop my knowledge and comfort in doing a variety of real estate deals but for now I will start with buy/hold rental properties or land contract notes As I have minimal sweat equity/time.My financial situation is interesting as I am a fourth year medical student who will not realize a substantial income for another 5-6 years.

The last CAREI meeting I attended quite a few years back was $20 for non members to attend and to get to the entrance, both sides of the hallway were lined with tables of those trying to sell their books, tapes or boot camps.

This is not REO, I think it's a short sale, unless the appraiser website hasn't updated the owner information yet.I don't think this group provides a real inspection period--I can come by and see the house but I do not get an inspection period like you would with a bank--there is a $2000 non-refundable deposit to hold the place.I'll see if they have the power and water on.

Make ready IE...final cleanup, touchup paint, window treatments, ETC.9.

Looks like I might be able to argue that I terminate the agreement for cause due to PM's non compliance with the terms of the agreement.

Assuming you decide to keep a property under the option to lease option and hold onto it for whatever reason ( maybe to exercise the option later for a profit on the back end) if the TB doesn't exercise it.If you are lease optioning and assigning, it is a non issue, if you are sandwiching, you disclose that you have clouded the title with the owner, and you want the TBer to exercise, assuming they have been signed up with a credit improvement program, they are eager to cooperate. 2.

You may run of the jerk with this approach, or evict for non-payment.If he pays I would probably let him stay.

I'm not a CPA or tax adviser, but I believe it is the same tax treatment.