Amy,If you sign closing docs saying you intend to live in the property to buy and get an offer accepted in the owner occupant period you are committing fraud.DON'T DO IT !

Rest assured C is going to sue you.Like sandwich lease options, this just seems very, very risky to me.

Any gauge has to be inspected and calibrated periodically.

This letter indicates all the terms and conditions of the sale and includes things like:- The buyer's name (so nobody else can buy it)- The purchase price- The net amount to the lender (how much the lender will get from the sale after all fees and commissions)- How much commission the agents will get- The timeframe to close (normally, this is a "must close before" date)- All the other terms and conditionsThe other terms and conditions generally include a provision that says that the seller isn't allowed to make any money off the sale (other than what the bank might provide) and then will sometimes say that the buyer can't resell for some period of time as well.

Look at the income, expenses, the local market and the rest of the stuff that is important to you- and make a offer you can support with your data.

If you can't option in the time period then just terminate the arrangement and move on.I definitely wouldn't want to spend 900 on it upfront.

I estimate the holding period to be no longer than 5 years.

I have done other things in real estate in that time period, but including getting some lower end rental properties.

You can't legally purchase the property during the owner occupant period (the first 15 days) until you plan to owner occupy the property for at least 1 year.If there was a legal way around this, you can bet that we'd all be doing it already...

Once application is approved, I then give them a short period of time to place a deposit to hold the place.