I feel like it works in my head; but has anyone ever actually done this and was your overall experience?

@Kevin Harris,In a contract sale, ownership does not actually transfer to you until the contract is satisffied.  

@Brian Lesko I actually looked at that awhile back.

I actually sold the house with equity but was behind back in 2012 and so they recorded it as a paid foreclosure.

I believe there was a BiggerPockets podcast where an investor who uses lease options often stated that only 5% of the time does the tenant actually execute the option.

I am currently in saving mode and am excited once I can start the actual investing .Their is so much to learn, I know I'm bound to make mistakes but that is just part of the journey .Thanks for the welcome!

Has anyone ever compared such figures with actual ones supplied by a realtor?

 Actually, *all* of my deals are either Seller Financing, Lease Option, Wrap, Subject To or Land Contract.

You are actually interviewing them.8)How soon can I begin to collect either a paycheck under a broker or a commission?

Any actually in the case of the lead based paint disclosure, it is the Seller who is required to execute that, and would also be liable.Of course, education and paying attention to what you are doing are your best prevention.