(Try and stump everyone on this site I bet you can't) I have asked many questions some very stupid some that were good questions no one will judge you and you will always get an answer, many times from many different people with very different experiences.

In my opinion, that's EXTREMELY low for the risk involved.

He can get it for $110,000 and wants me to buy it for $120,000 I have a buyer that is ready to go at $135,000 My question is, what purchase contracts and assignment contracts need to be in place to protect everyone involved starting with he broker.

You need to decide how you want to be involved in real esate: Being a real estate investor and being a real estate agent working with others, are two very different things.

Does she need to be involved with the business?

I'm betting that it would be a HUGE loser as a rental, but we won't know until you post the gross rent.

and if so, what risks are involved and how does one get a seller to agree to such a thing?

Do some reading in the landlording forum (where I'm moving this post), and you'll get a better feeling for all the expenses involved in a rental.

Unless they put in a huge down payment, it doesn't look like a good subject to deal.Seems like the realtors involved would get paid even with a subject to.

I decided to get involved with real estate after the passing of a close family member.