now i know that there is no guarantee that the nighbors would be willing to buy but these properties are all over the place and aren't selling so the county has to do something with them right?

having money in the bank today, does not mean it will be there indefinitely. if you notice my profession, i'm a banker. i just saw a guy blow through $3-million that he had in his account in the matter of 4 months. there is no guarantee to the landlord that your money is going to be there. he obviously agrees, hence the double deposit.

If in the end HUD agrees with the Bank (and indirectly with your Broker who stuck his neck out), a closing date is determined, and FHA will proceed to guarantee the Loan to the Bank.

Negative: ========= a- InsuranceThe insurance costs in Florida are higher as a percentage of rent then in most parts of the US, so return on investment is impacted negatively.1- You will be signing paper, lack of cash, so you are required to have insurance which is hard to get and expensive. 2- Insurance companies that will insure you limit the age of an insurable house (15 years or less is common)3- Roof age is limited to 10-15 years, regardless of roofer guarantee, so buying a house with a 10 year old roof means you are looking at an almost immediate new roof.

It just seems to risky to guarantee that they'll get to keep our 10K no matter what.So am I crazy here?

Comes with a 50,000 corporate veil guarantee so I guess it's not a bad insurance policy for the price.

Even at 12%, which I think is essentially guaranteed within five years, the nut is over $1000.

I offer guaranteed rates of returns and their principle is secured by the real estate.Not persoanlly, but I know of Greg Cox's name in the biz here locally, just can't place where right now.

Get a signed and notarized parental guarantee for each tenant moving in.

He also would not guarantee prices because the prices were fluctuating almost daily.