If I negotiate seller financing, I am afraid to get into an agreement with any kind of balloon payment (just because it makes me nervous to have it hanging over my head) but I would like to negotiate a lower percentage downpayment than 20% so that I could afford to purchase all four (rather than two) under a warranty deed contract.

I'm not sure the final resolution as that isn't my part of the job, but needless to say the municipality is doing this everyday somewhere and they aren't just going around paying the maximum they possibly can.

It will likely be at about a $60,000 gain when finally sold.

According to the modification agreement the original owner clearly stated under penalty of perjury that they did NOT transfer the property since the original loan otherwise the modification would NOT have taken place.

Welcome to "Nashvegas"I'm also fairly new in the area, about a year or so, but I'm finally taking action on all the gems hidden here.

But it's the paperwork (the Lease Agreement, the Option Agreement, etc.) that will have the biggest impact on your success or lack thereof.Do not do lease-option unless you have received adequate training and have access to excellent documents.Since you are here in Georgia, I would strongly recommend you look at the training and documents offered by Dyches Boddiford.

I finally found my client a hidden gem: A 1150sqft 3/2 block home listed for $79k in an area with nearly identical $155-165k comps.

I finally decided to introduce myself.  

My wife and I relocated to the Charlotte, NC area last year and we want to finally make the leap into REI.

Im paraphrasing now but it is something like annual income divided by total hours worked in a year according to your timesheet or schedule and then dividing that final number by 1/3 because we dont actually do 8 hours of work in an 8 hour day...generally speaking.