There is so much free content that you need to show a mentor that you have already made an effort and taking action.

I'd like to minimize my risks.I suppose one might say the point of including the Lease contract along with the Option is so that the investor can pre-negotiate the favorably higher rent for rent credits/Seller's positive cash flow.

I think everyone is so different.

However, you have plans beyond stage 1, so go get an idea of what you long term plan is so you can plan how to get there.This is one of those...."

Brian - a solid educational foundation is so important to get started in this business.

The reason we thought we should borrow on our house is so we wouldn't have to put up a 20% down payment.

The seller would still getting 50k from you - 35k in cash and 15k in roof repairs (i'm just throwing that 15k out there obviously as I have no idea how much the roof is) so if you walk, they make out with 50k in value from you.

As a Californian myself, I know that it is virtually impossible to get anything to cash flow and even if you could get some minimal cash flow, the ROI is so low due to the high cost.

Because there is so much competition in the high-end home market, such tactics may not be necessary but are certainly newsworthy.

Appreciate the feedback, the cost is so high because of the slope involved, they are going to have to go pretty deep to get solid footings in.