Do this for a few months – you may want to take a real estate course to get your license – Attend REIA's – BUT do not trust the sales pitches you will hear – I don’t think you should spend your money on those programs – if you want to spend some money – get a mentor –The candidate for your mentor should be financial successful – in many phases of making money in real estate; auctions, tax sales, lead generations, contract engineering, assignments as well as the many creative clauses’ used to buy real estate.I think you will do well – take it slow and easy – don’t be influenced by big talkers – counsel with spouse – create credit lines – be ready with a form packets of contracts – assignment forms – notes – disclosures and blank checks – study and learn from others ------ AND HAVE FUN – your journey to a better income and more of what you want out of life is exciting and profitable.

He doesn't know the current tenants, hasn't mowed a lawn or done anything at all.He is also refusing to sign a contract with a listing agent to sell.

I don't know TN disclosure requirements, they don't change on whether you use a realtor or not, but a seller would not be required to offer repair credits of any kind, "as is" purchase contract.

Ideally, I'd like to get bids before I place an offer in order to have a good handle on the rehab costs and place my offer accordingly, but on the other side of the coin, I could potentially place offers on many different properties before having one accepted, all the while I'm getting bids from contractors for which the job for them doesn't materialize.Or, do I visit the properties myself and with my agent, make an very rough estimate of rehab costs, make an offer based on the estimate, and then bring contractors in for bids *after* getting the property under contract, then potentially renegotiate the offer price if the bids come in higher than estimated?

Get some good legal advice or read the law before you move forward.

Always do a math analysis and try to look at the prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.I went to college too (and it is not mandatory) and I got a business degree that emphasized real estate.  

I would like to use an attorney and an escrow company to ensure the contracts are written in win-win-win formats, to ensure that the tenant buyer is capable of purchasing the house within the next 1-2 years and if needed enters a credit repair program.If I am to apply an option fee of 3-5% can I also add the costs of the above services as part of the assignment fee?

Hi BP,If I was to line up a TB for a seller in a Wholesale lease option setting what costs would i be looking at for a contract review by an attorney, a review of TB applications (by whom...??)

The only concern I have as of now would be the Contracts.

Can the service be contracted out from a temporary agency?