He indicated that we were too late in the process to do that since the deposit was required within a certain time period from the signing of the P&S.

If you borrow the max ($50,000) at the rate of prime + 1% (4.25%) and amortize for the longest period (5 years), your payments will be $926.48 per month.

I've closed some deals with wholesalers on 1 page contracts just the same as longer ones.As long as you have sufficient verbiage to allow for due diligence or option periods as well as the seller allowing proper access to the property for buyer final approval I think you should be fine.

You will negotiate with him on he gets his principal back along a time period and perhaps related to a specific percentage of yield for the use of his capital.

She also says that if he owes more than he's selling it for and if he doesn't have that money he will have to pay back my down money and anything paid to principal during the lease period.

Owe for the rest of your life!

doubling your money over what period of time?

They usually put them up at a motel'hotel if it will be a short clean up period.

Greg,I have traded for myself as my main source of income for 20+ years and was a CTA for a short period.

Property: $42,000 3br/2bath 1104sqft in Wichitahttp://www.zillow.com/homedetails/1224-W-Dooley-St-Wichita-KS-67213/77366358_zpid/24% down = $10,800, 30-yr at $145/monthThe rental range in the area is $531-783/month RENT: $531/monthTAXES: $43/monthMORTGAGE: $145/monthINSURANCE: $73/monthPROPERTY MANAGEMENT: $45/month-------------------------------------------------INCOME: $225/monthI was planning on adding an additional $50/month to the mortgage payment.The rest of the income I would save for any home maintenance.