They will most likely deny the claim from the bank and so they aren't out anything anyway.

First, sandwich lease-options are very risky, with an elevated risk of becoming involved in a lawsuit (2 lawsuits).Furthermore, the vast majority of people who buy on lease option never buy the property.

DPA = Down Payment Assistance As far as owner carried notes, I was referring to the owner doing the financing, no bank involved, however, owner carried seconds can be done with lender financing, not sure about getting this done with an REO.

This is a business that involves a lot of personal contacts.

They do not get involved in collecting payments, they just match buyers and sellers and receive half the option money..... then they are done.

Since then I've been reading many RE books (so many books) trying to get a handle on what's involved.

I have thought about getting involved with a mentor so I can get advice on business plan, etc. but don't want to make a bad choice about education.

Please tell us what area of RE are you involved with.

I esp like to write the ones who don't understand how to "create" wealth, but are involved in politics/stock market. no idea if any of my stuff will get printed but it should get read at least. might influence someone.

I suppose I am looking for easy rehabs "carpet and paint" but I have been involved in some pretty major projects in the past and am not opposed to those types of properties.