They are harder to keep filled, harder to comp, harder to sell, and you are an adult babysitter!

Ok, so getting back on topic, since my original post over 3 years ago, I had since went to a seminar put on by these guys and paid the few hundred bucks to see what it was all about.In a nut shell, they are taking what is a simple idea, but a complex transaction filled with risk (that you need to know how to manage) and licensing requirements, packaging it up as an easy, anyone can do it, and selling it off for large profits.The facts are this, it is NOT easy for anyone to do this without violating a number of laws and regulations, it is not easy to manage the risk, and building the relationships they speak of is also not a simple or easy task.

In Liu of an option just fill out a purchase agreement with a delayed closing of two years.

You haven't filled out your profile yet so I can't tell what attracted you to this site but if you own rental properties or plan to own rental properties in the near future you know (or will learn) that insurance is a large expense.

For my wife and kids to have a life of enjoyment and to full fill our passions and help others that want to do the same.  

The assumption for this purpose is they could be filled.I have seen suggestions you value it at half what you would value a filled lot, 30%, and nothing.

You do not need an agent or a lawyer to be legal--Just fill out the contract and get it to the title company.

@Rob Fill welcome to the site. 

Most likely you grabbed a very generic contract fill of fluff.

Just need to make it assignable if for some reason it's not, and make sure that you fill it out correctly.