Ya don't get me going on lease option rip offs and sub too rip offs.. one of the great things ever invented and I my dad found them in middle or late 70s was the AITDall inclusive trust deed in CA that is a great document and to the extent you can keep a transaction above board IE no ripping payments or rents from the seller this one does it.Brian Burke has some great war stories on foreclosures as well.I have been pretty lucky in my day.. other than houses that when I bought them were fine but by the time I got in them they were stripped to the studs  LOL.. but I have had others were the people moved out and it was broom clean.. never know.

And you can set up your CRM so that each property has its own cell and own documents? 

I even became a real estate YouTube vlogger myself to document my journey after I quit my job.11 months later I closed on the biggest deal that I couldn't possibly have ever imagined doing! 

I would make the payments directly to the mortgage company and would either have the statements mailed to me or see what I would need to do to get online access to review the account.In looking online, I see a few other strategies such as deeding the property to a land trust where the buyer would be the beneficiary and some people discussing the transaction with the bank and being open about it. 

Would the cash be on the same contract as the other payments listed on the closing documents?

Companies like Movement Mortgage and Loan Depot can get loans closed in 10 business days if they have all of their documentation at application, but if they're adding DPAP to the equation, it takes at least 30 days; that is if the organization that's doing the DPAP (like DCHPAP or in Virginia, VHDA) has funding dollars left. 

I have not personally, nor heard of a LL submitting a "take it or leave it" lease document.

You document that damages, fees etc and then the tenants exchange the $$ between themselves.

You should be able to product rent rolls for the last 2-5 years documenting your vacancy rate.

The City of Edmond, for example, does a great job with their city planning and protecting the long term property values, so be prepared to make adjustments to the original plan. 4 - Most of the local builder have contracts that can be used, although we'd always recommend having your attorney review the documents.