The agent simply opens the offers, ensures they meet the criteria for that period (so they remove investor offers until they are eligible), and feed them into the system.

-the do full due diligence on the builder (former client references, subcontractor and supplier references, contractor credit report, criminal background check, business credit report, drivers license and w-9)-they do a through pre-loan analysis of the project reviewing plans, budget, contract, appraisal, permits-after each draw inspection is reviewed, they make recommendations on if the bank should make the next draw-they ensure home is built free of mechanic liens

Ensuring that the house is sold to be truly improved would make the situation more bearable.  

http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessBefore your 1st purchase, please ensure you visit the below link for some tips. http://www.realestate.com/advice/buying-your-first-investment-property/ eBookhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets- community-book Blog http://www.biggerpockets.com/renewsblog/2013/02/09/how-to-start-investing-real-estate-young/ Lastly, don't forget the podcasts, webinars, #askbp podcast and the blogs.

http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessBefore your 1st purchase, please ensure you visit the below link for some tips. http://www.realestate.com/advice/buying-your-first-investment-property/ eBookhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets- community-book Blog http://www.biggerpockets.com/renewsblog/2013/02/09/how-to-start-investing-real-estate-young/ Lastly, don't forget the podcasts, webinars, #askbp podcast and the blogs.

The broker will need to work with the tenant buyer to ensure that will qualify for a mortgage within a year or so.

One of the things I do to ensure I don't have lots of unqualified prospects applying is clearly state my requirements in my ads.  

Daven,I wouldn't say totally stay away but just ensure to really do your due diligence. 

Hello All,What is the best thing to put in my contract to ensure that i am not forced to purchase the property if the house is not sold within the time frame promised?

keep in mind that seattle may be looking at rent control and they have recently instituted an "inspection" program that requires the city "experts" inspect your rentals to ensure they are up to standards.....i would never buy in seattle