The disaster area consists of the following counties: Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura.You can read the entire IRS press release at http://www.exeterco.com/news_irs_issues_tax_relief_2007_california_fire_victims.aspx for complete details.

I will send you an email we we all can trade details as to what might work.

Control, ability to foreclose vs. evict and other details come into play.John Corey

The site will not provide the same level of detail that a local agent has access to.

She has a license and I will be her assistant.I anticipate, as her assistant, to be able to inform customers of property details, record contact info, gather info about prospective listings, follow up with customers regarding bid placement acceptance or decline, place signs in yards.She will show houses, sign contracts.Also, would we be allowed to open our own office away from the agency that she works for?

Again, without writing a novel explaining the details and reasoning behind this (should be obvious to the experts anyways) - I want to locate properties owned by distressed sellers.Maybe they're not even selling either - they may just be in a bind (i.e. lost a job, getting divorced ... can't pay local taxes, whatever)Where's a good place to start when looking for distressed sellers???

It's all in the details

My biggest question is should price justification be mentioned or details about why my offer is at it's price?

Dear Recpataxman,Thank you for such a detailed response, but ... huh?

Can some of the more experienced investors please elaborate more on some of the important details of a lease option sandwich?