While you are correct about command authority, it is not a very common practice today.  

They are free and give very practical training on how to look at houses for sale and break it down to see if it is a good deal or not.

That window of time would also allow me to "get my feet wet" and learn whether I even like this kind of investing.To compare the ROI of investing gains from the sale now vs. after 2 years, I'll have to crunch some numbers... an exercise that's left to this reader :) If I can get connected with a property management group that I like a lot and the numbers look at least a little favorable, I might give this whole thing a try.

Does the local fire department need a property to practice on?

But at least in my area that is not common practice, so you'd have to adjust the rents.

I want to break down these concepts further, so new investors can digest, understand, and put them into practice.

My team would take over the management and put money into the property knowing I would lose this if I don't exercise my option.

Case in point...she thinks she has foreign policy experience because she can "practically see Russia" from where she lives...

(the amounts above may differ depending on who you talk to and what lender you go through)There are also alternatives like a lease option or rent to own but most owners will want to be sure that you will qualify for a loan at or before the time comes for you to exercise your option to buy.You can also find a distressed homeowner and take over their mortgage payments.

When the option is exercised you can then carry a note using a Deferred Sales Trust and continue tax deferral with no seller liability should buyer default.