So if they're supposed to get 10K keep 5 until they're out so if they don't leave then you start collecting their "rent" out of that and start filing your eviction.

When you start to add all these up along with the standard expenses, over the long haul, from what I've absorbed through MULTIPLE sources, you'll be looking at 40-50% gross rents.

Deeds are effective when executed, not filed. :)

I have to keep these forms on file for each person I talk real estate with.We have 'Buyer Agency' 'Seller Agency' and 'Facilitator'.  

It offers an alternative to FHA for owner occupier, allows up to 4 units with 5% down, and standard PMI.

http://www.biggerpockets.com/files/user/REISkills there are free files for a coop lease option.I start with the letter of intent with the seller.Hope those help!

The idea being that a refinance is easier to acquire than a standard conventional loan from the beginning; and possibly not require the standard 20%-25% down.

No idea how to attach files to the BP boards.Here's my disclaimer: there are very few labels, and it was never meant to make sense to anyone but me. :)If you want to start from scratch, here's all you need (and if anyone can lend further insight, please do)...1. lots of time!

When you start clouding people's title and taking people to court you open the door for people to file lawsuits against you, file Cease and desist orders against you, report you to the better business bureau etc, etc.

I understand that I would want to use a standard state contract to do so.