and the garage door will be good exercise for them.

It's exercise and a stress relief for me. 2 - I am on site at the property while signage is in the yard and people are stopping by.

You would then sub lease the property to your tenant & exercise your option, purchasing the house at a later date when you can get more traditional financing.

This exercise builds trust between the parties, Good luck. :)   

You can choose to make all or part or none of it refundable if the tenant doesn't exercise their option.  

Brain:The answer is a simple exercise in discounted cash-flow analysis.  

Which means you need to get the short sale approved by the lender.Trying to get a great deal on a pre-foreclosure, or for that matter a REO, is an exercise in frustration.

You write: PAHOKEE PROPERTY INCOME Total Gross Rent $195,600/year Laundry Income $12,000/year TOTAL NET INCOME (excluding vacancies and repairs) $151,200 BELLE GLADE PROPERTY INCOME Total Gross Potential Income $283,200/year TOTAL NET INCOME (excluding vacancies and repairs) $208,360 I'll analyze the first one and leave the second one as an exercise for you.

It seems to be more of a training exercise.

One popular way to do that is after rehab get yourself a decent lease option to purchase client, collect the first three month's rent then have them exercise the purchase using an FHA loan.